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Gold rises to 1-week high on expectation of further cenbank stimulus

Thursday, 23 April 2020 17:38 WIB

GOLDEMAS Spot Emas

Gold rose to a one-week high on Thursday on the expectation of more stimulus from major central banks to limit the economic damage from the coronavirus pandemic, with most countries extending lockdowns to curtail its spread.

Spot gold was up 0.6% at $1,724.39 per ounce by 10:04 GMT. U.S. gold futures gained 0.5% at $1,747.50.

Among other precious metals, palladium climbed 1% to $1,957.30 an ounce. Platinum rose 0.4% to $760.73 per ounce, while silver jumped 0.8% to $15.28.

Source : Reuters

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