Gold prices recovered some ground Thursday, settling modestly higher a day after falling to the lowest levels of the year, as governments and central banks moved to support the global economy, which has suffered under the spread of the COVID-19 pandemic.
Recent losses in global equities had triggered forced liquidation and a surge in the U.S. dollar.
Gold for April delivery on Comex settled at $1,479.30 an ounce, up $1.40, or 0.09% on Thursday, after posting a decline of over 3% a day earlier. May rose 36.2 cents, or 3.1%, to $12.134 an ounce following a loss of 5.8% on Wednesday.
Source: Marketwatch