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Gold Falls as Dollar Firms, Shares Rally; Set to Post Quarterly Gain

Tuesday, 31 March 2020 16:59 WIB

GOLDEMAS

Gold prices fell on Tuesday as the dollar firmed and as shares rose on hopes of a rebound in China economic activity, while safe-haven demand amid concerns over the coronavirus outbreak kept the metal on track for its sixth straight quarterly gain.

Spot gold fell 0.5% to $1,614.41 per ounce by 0824 GMT. It gained about 6.4% for the quarter, and around 1.8% for the month. U.S. gold futures eased 0.2% to $1,615.50.

The dollar gained against its key rivals as investors braced for prolonged uncertainty and governments tightened lockdowns and launched monetary and fiscal measures to fight the virus.

Source : CNBC

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