Fri. Oct 30th, 2020

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Gold prices plunge

1 min read

Gold bars

Gold prices lingered below the key $1,900/ounce psychological level on Wednesday as lack of an agreement on additional U.S. fiscal stimulus helped the dollar stay firm.

Spot gold was little changed at $1,892.80 per ounce by 0053 GMT, after declining 1.6% in the previous session.

U.S. gold futures were steady at $1,896.60.

The dollar index was steady after bouncing off a three-week low on Tuesday.

Silver rose 0.2% to $24.22 per ounce, platinum was up 0.5% at $869.05, and palladium gained 0.6% to $2,329.97.

Global finance leaders on Tuesday said the world economy had escaped a coronavirus-triggered collapse so far, but warned that failure to conquer the pandemic, maintain stimulus and tackle mounting debt among poor nations could crush a fragile recovery.

 

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