Gold Eases on Profit-Taking, But Poised For Best Week in 11 Years
Friday, 27 March 2020 10:16 WIB | PRECIOUS METALS |EMASGOLD

Gold eased on Friday as some investors booked profits after prices hit a two-week high in the last session amid hopes for further stimulus to curb the coronavirus™ economic toll, but the metal was headed for its best weekly gain in more than 11 years.

Spot gold slipped 0.5% to $1,621.07 per ounce by 0035 GMT, having risen to its highest since March 12 on Thursday.

The metal was up 8.2% for the week, its biggest since December 2008, on weak U.S. unemployment data and the Federal Reserve™s unprecedented economic stimulus measures.

U.S. gold futures fell 0.8% to $1,638.80.

Source : Reuters

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