Gold prices fell on Wednesday, after a steep rise in the previous session, as a flight to cash offset optimism around the U.S. government agreeing on a massive stimulus package to ease the economic burden of the coronavirus pandemic.
In volatile trade, spot gold fell 1% to $1,594.18 per ounce by 07:43 GMT, after rising as much as 1.6% earlier in the day. The metal jumped more than 3% on Tuesday.
U.S. gold futures climbed 0.2% to $1,664.80.
Source : CNBC