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Gold Falls as Potential Japan Stimulus Boosts Risk Appetite


Monday, 25 May 2020 15:13 WIB

GOLDEMAS


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Gold declined on Monday as Japanese equities rose on news of a potential stimulus program that boosted investors’ risk appetite, though fresh tensions over Hong Kong limited the metal’s fall.

Spot gold was down 0.5% at $1,726.18 per ounce by 0512 GMT. U.S. gold futures were fell 0.5% to $1,726.60.

Gold on Friday rose as much as 0.8% to touch $1,739.51, before paring gains.

Japan is considering fresh stimulus worth over $929 billion, which mostly consists of financial aid programs for companies hit by the coronavirus pandemic, the Nikkei newspaper said.

Source : Reuters


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