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Gold in "Wait and See Mode" as Traders Await More News

Monday, 6 April 2020 10:02 WIB

GOLDEMAS

Gold prices were little changed on Monday morning as traders remained cautious amid the continuous economic turmoil.

Gold Futures was up by 0.04% at $1,646.3 by 9:26 PM ET (2:26 AM GMT).

Three Swiss refineries in Ticino, Europe's biggest gold refiner, announced yesterday that they received permission to run their factories on a limited basis.

The announcement will ease the supply tightness caused by the COVID-19-induced lockdowns and transport halts.

Meanwhile, the U.S. Bureau of Labor Statistics announced a 701,000 reduction in non-farm payrolls, compared to analyst predictions of a 100,000-loss compiled by Investing.com.

Source : Investing.com

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