Gold Down Amid Investors’ COVID-19 Fears ….LIVE NEWS UPDATE BY ROYAL TRADERS


Gold was down on Thursday morning in Asia, giving up its gains from the previous session.

Gold futures were down 0.49% at $1,743.45 by 12:46 AM ET (5:46 AM GMT), with investor caution over the status of global recovery from the COVID-19 virus impacting even the safe-haven yellow metal.

Stocks, which usually move in the opposite direction to gold, were mixed on Thursday morning.

Risk sentiment soured as the number of cases continues to break records in countries such as Brazil and Mexico. Countries such as India and Spain are extending their lockdowns, to curb the spread of the virus even as other countries continue to lift them as their number of cases fall.

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