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Gold extends fall as investors rush to hoard cash

Gold extends fall as investors rush to hoard cash

Tuesday, March 17, 2020, 6:00 PM

Gold-prices fell almost 2% extending losses from the previous session's meltdown, as investors continued to sell assets to keep their money in cash because of heightened concerns over the economic-toll of the coronavirus outbreak. Autocatalyst metals platinum and palladium-rose more than 5% each in early-trade before paring gains. The metals were the worst hit in Monday's free fall since they are also considered industrial-metals.
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