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Gold Gains as Virus-Led Growth Fears Spur Safety Buying


Monday, 30 March 2020 18:05 WIB

GOLDEMAS


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Gold prices edged higher on Monday as investors sought safe havens, with fears about the economic damage from the coronavirus intensifying after governments extended lockdowns to curtail its spread.

Spot gold was up 0.3% at $1,621.60 per ounce by 0941 GMT, while U.S. gold futures gained 0.3% to $1,629.30.

Investors’ appetite for riskier assets remained weak as fears mounted that the global coronavirus shutdowns could last for months, sending European shares lower for a second straight session and oil prices to their weakest in 17 years.

Source : Reuters


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