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05.03.2020 Gold Daily Analysis

Gold prices dropped on Thursday in Asia as risk-appetite returned amid reports that the International Monetary Fund (IMF) announced a $50 billion aid

05.03.2020 Gold Daily Analysis
Yazar: Zack Smith

Yayınlanma: 6 Mart 2020 18:17

Güncellenme: 14 Aralık 2025 21:26

05.03.2020 Gold Daily Analysis

  Gold prices dropped on Thursday in Asia as risk-appetite returned amid reports that the International Monetary Fund (IMF) announced a $50 billion aid package to ease the impact on global economies caused by the coronavirus outbreak. Overnight data that showed U.S. services sector activity jumped to a one-year high in February were also cited as headwind for the yellow metal. Meanwhile, the private labor market generated better-than-expected 183,000 jobs, putting more pressure on gold prices. The last time the Fed made a rate cut between scheduled meetings was in October 2008 at the height of the global financial crisis.
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