BENGALURU: Gold rose on Thursday, regaining some lost ground from last session's sell-off, after the U.S. Federal Reserve raised concerns that a recovery from the coronavirus-induced economic slump faced a highly uncertain path, weighing on risk sentiment.
Spot gold was up 0.7% at $1,943.07 per ounce by 0537 GMT, after declining more than 3.5% to a near one-week low on Wednesday. U.S. gold futures fell 1% to $1,950.30.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
