Gold prices dipped over 2.0 per cent to their lowest level in a week as the US dollar firmed, but the metal was on track for a sixth straight quarterly rise on concerns about the global economic damage caused by the coronavirus pandemic. Spot gold fell 2.1 per cent to […]
Gold
Safe haven gold rises as virus spreads
Gold prices inched up on Monday after an extension of restrictions in the United States exacerbated concerns about the economic toll of the coronavirus pandemic, driving investors to safe-haven assets. Spot gold rose 0.1 per cent at $US1,618 an ounce. US gold futures settled 0.2 per cent lower to $US1,622 […]
Gold eases, despite big weekly gains
Gold fell on Friday on caution ahead of the weekend, but prices were set to post their biggest weekly gain since 2008 as economic damage expected from the coronavirus boosted bullion’s safe-haven appeal. Platinum and palladium were on track for their biggest weekly gains on record on supply concerns arising […]
Gold jumps amid record high US job losses
Gold prices jumped to a two-week high overnight, after a record surge in US jobless claims dented the dollar and boosted expectations of further stimulus to cushion the global economic toll from the coronavirus pandemic. Spot gold rose 1.1 per cent to $US1,631.05 per ounce. “More countries are expected to […]