Sunday, 17 May 2020

Gold Vs Corona Virus - Why Investors Are Going To Safe Heaven? Top 500 News Websites

Interactive chart of historical data for real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value. The current price of gold as of May 14, 2020 is $1,716.40 per ounce.


“Investor demand for safe havens amid ongoing fears of the global health crisis have lifted the demand of the commodity. However, a strong dollar and moderate physical demand may limit major gains in the counter,” he added.

Spot gold markets in India remained shut on Friday due to countrywide lockdown to prevent spreading of coronavirus.

Globally, gold rate eased from a four-week high on Tuesday, as the US dollar and global equities strengthened on signs of a slowdown in coronavirus-related deaths.

Spot gold was down 0.2 per cent at $1,657.67 per ounce, as of 0110 GMT, after rising to a four-week high earlier in the session. The metal climbed 2.8 per cent on Monday. U.S. gold futures rose 1.7 per cent to $1,723.
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With the number of new coronavirus cases slowing, gold prices are focusing on an economic fallout from the virus as traders keep the gold bid alive.
Gold surprised the markets on Friday as traders bought the dip and prices climbed above $1,570 an ounce level. At the time of writing, April Comex gold futures were trading at $1,571.50, up 0.10% on the day, but down 1% on the week.

The big news this week, aside from the coronavirus updates, was the U.S. employment report, which surprised on the upside with 225,000 new jobs created in January. The unemployment rate ticked up to 3.6% on an increased participation rate.

  • Here are the top 500 sites for news...

 

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Kitco News is dedicated to reporting on the precious and base metals markets with accuracy and objectivity. The mission is to develop as much market-oriented information as possible for readers. 

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