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Gold falls more than 1% as investors resume cash stockpiling

Gold falls more than 1% as investors resume cash stockpiling

Thursday, March 19, 2020, 11:23 AM

Gold prices fell more than 1% on Thursday in volatile trade, as investors sought to hoard cash in unstable market conditions despite additional-measures from the European Central Bank to deal with the economic fallout from the coronavirus outbreak. Spot gold slid 1.3% to $1,466.20/ounce by 0327 GMT after rising 1% in early trade. The metal fell about 3% along with other precious metals.
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