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Gold prices recover from lowest levels of year


Friday, 20 March 2020 01:27 WIB

GOLD


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


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