Gold falls as investors bank on cash

Gold falls as investors bank on cash

Gold fell more than 1 per cent overnight as investors booked profits from recent rallies and some switched to the safety of cash driven by growing US-China trade tensions and doubts about an economic recovery. Spot gold was down 1.5 per cent to $US1,722.78 per ounce...
Gold falls as investors bank on cash

Wall St rises as investors eye recovery

Wall Street’s main indexes have surged and the Nasdaq has hit a three-month high as investors clung to hopes of a recovery from a coronavirus-fuelled slump amid signs of more stimulus for ailing sectors. The tech-heavy index, now about 5.0 per cent below its...
Gold falls as investors bank on cash

Gold gains as investors bet on stimulus

Gold rose overnight on expectations of more stimulus from the US Federal Reserve to support an economy battered by coronavirus-induced restrictions, while an easing US dollar lent further support. Spot gold rose 0.3 per cent to $US1,701.44 per ounce by 1751 GMT. US...
Gold falls as investors bank on cash

Gold dips as investors opt for dollar

Gold prices retreated overnight as the dollar benefited from safe-haven buying driven by fears over a second wave of coronavirus infections. Spot gold was down 0.3 per cent at $US1,695.75 per ounce by 1743 GMT. US gold futures settled 0.9 per cent lower at $US1,698...
Gold falls as investors bank on cash

Gold falls as investors move toward risk

Gold traders have seen prices ease from the highest point in nearly two weeks as investors grew hopeful about economies reopening after COVID-19 lockdowns. Spot gold fell 0.8 per cent to $US1,704.53 per ounce by 1831 GMT after hitting $US1,722.56, its highest price...