Gold eases as economic recovery hopes boost risk appetite – ZAWYA

  • Date: 09-Jul-2020
  • Source: Zawya
  • Sector:Economy
  • Country:UAE
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Gold eases as economic recovery hopes boost risk appetite – ZAWYA

Gold eases as economic recovery hopes boost risk appetite | ZAWYA MENA Edition HomeMarketsCommoditiesArticleGold eases as economic recovery hopes boost risk appetite Spot gold fell 0.2% to $1,806.30 by 0046 GMT    Image used for illustrative purpose Gold bars are seen at the Austrian Gold and Silver Separating Plant 'Oegussa' in Vienna, Austria, March 18, 2016. Gold prices eased on Thursday from a near nine-year high scaled in the previous session, as hopes of an economic recovery lifted risk-on sentiment, although losses were capped by worries over rising coronavirus cases across the globe.FUNDAMENTALS* Spot gold fell 0.2% to $1,806.30 by 0046 GMT, after rising to its highest level since September 2011 at $1,817.71 on Wednesday.Gold prices eased on Thursday from a near nine-year high scaled in the previous session, as hopes of an economic recovery lifted risk-on sentiment, although losses were capped by worries over rising coronavirus cases across the globe.* Spot gold fell 0.2% to $1,806.30 by 0046 GMT, after rising to its highest level since September 2011 at $1,817.71 on Wednesday.* U.S. gold futures GCv1 eased 0.1% to $1,818.40 per ounce.* Asian equities were expected to rise on hopes of a robust economic recovery as investors looked ahead