Gold Snaps 4-Day Rise as Markets Take Breather From Virus
Wednesday, 29 January 2020 03:42 WIB | PRECIOUS METALS |EMASGOLD

Gold snapped a four-day rally on Tuesday as investors returned to give life to stocks and other risk assets crushed in the aftermath of the coronavirus crisis.

But the yellow metal™s retreat was, nevertheless, modest as markets awaited the outcome of the Federal Reserve™s monthly policy meeting and what that could mean for U.S. rates.

Gold futures for February delivery on New York™s COMEX settled down $7.60, or 0.5%, at $1,569.80 per ounce. It reached a three-week high of $1,588.10 on Monday.

Spot gold, which tracks live trades in bullion, was down $12.73, or 0.8%, at $1,568.92 per ounce by 2:22 PM ET (19:22 GMT). It rose to as high as $1,588.62 in the previous sessions, its highest since Jan. 8.

Source : Investing.com

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