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Gold ticks higher as coronavirus worries deepen, Fed minutes eyed


Wednesday, 8 April 2020 22:18 WIB

GOLD


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Gold edged higher on Wednesday as the rising coronavirus death toll hammered risk sentiment, while investors await the release of the U.S. Federal Reserve’s policy meeting minutes for clues on further stimulus measures.

Spot gold ticked up 0.1% to $1,684.7 per ounce, after climbing to its highest since March 10 on Tuesday, at $1,671.40. U.S. gold futures were flat at $1,647.43 per ounce.

Elsewhere, palladium climbed 0.7% to $2,191.31 an ounce, while platinum gained 0.6% to $738.15.

Silver rose 0.5% to $15.08 an ounce, having touched a more than three-week high in the previous session.

Source: Reuters


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