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Globallookpress
Gold prices fell due to higher yields on the United States Treasury, and plans by many countries to ease the shutdown linked to the Corona virus, which weakened investors’ appetite for riskier assets.
And gold fell in spot transactions 0.8% to $ 1,713.30 an ounce in late trading, having previously fallen to the $ 1704.45 level.
And US gold futures fell 0.7% to settle at $ 1,723.80 an ounce.
Global stock markets rose as investors applauded the news that more countries and the United States were considering easing public isolation measures aimed at containing the Corona virus outbreak.
Investors now await the meeting of the US Federal Reserve. USA It will end next Wednesday and the European Central Bank meeting will be held on Thursday with the appearance of the main central banks again on the scene as the global economy tries to overcome the blows resulting from the outbreak of the Corona virus.
Among other precious metals, palladium fell nearly 6.7%, reaching its lowest level in about a week at $ 1890.13 an ounce before reducing its losses in late trade to 4.46% at $ 1934.60.
The price of platinum rose 0.3% to $ 761.77 an ounce, while silver fell 0.4% to $ 15.18 an ounce.
Source: Reuters
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