Gold prices rise globally with economic data awaited to confront Corona

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Dubai – Sources News

Gold prices rose during Thursday’s trading, as economic data and the speech of President Donald Trump awaited amid attempts to stimulate the economy to confront the Corona, according to agencies.

The precious metal’s gains came in conjunction with the European Central Bank announcing its plans to buy more bonds in an emergency meeting as a stimulus response to support the economy, which was hit by a “Covid-19” outbreak.

Unemployment benefit and current account data will be released in the United States later today, and industrial activity data will be disclosed in the US state of Philadelphia. Investors are closely watching President Donald Trump’s speech today during a press conference in Washington on the deadly epidemic and other Issues.

By 8:53 AM GMT, the price of gold futures for April delivery rose by 0.6 percent, or $ 9, to $ 1487.40 an ounce.

While the spot price of precious metal fell by about 0.3 percent, falling to the level of 1481.79 dollars an ounce.







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