S&P Global Platts: Gold Holds Above $1,600/oz After Fed Rate Cut, Virus Uncertainty Looms
March 04, 2020
March 04, 2020
NEW YORK, March 4 -- S&P Global Platts, a subsidiary of S&P Global, issued the following news:
Gold held firm above $1,600/oz at the start of the London trading day on Wednesday, as uncertainty surrounding the coronavirus impact loomed, while an emergency interest rate cut by the United States Federal Reserve failed to bolster US equities.
Considered to be a traditional flight to safety investment, gold has been on a tear since the COVID-19 outbreak, although la . . .
Gold held firm above $1,600/oz at the start of the London trading day on Wednesday, as uncertainty surrounding the coronavirus impact loomed, while an emergency interest rate cut by the United States Federal Reserve failed to bolster US equities.
Considered to be a traditional flight to safety investment, gold has been on a tear since the COVID-19 outbreak, although la . . .