Gold Gains as Equity Rally Halts, Dollar Softens

Gold prices rose on Friday on a weaker U.S. dollar and a pause in the recent rallies in global equity markets, amid signs of lingering economic damage from the coronavirus crisis that had investors moving towards the safe-haven metal.

Fundamentals: Spot gold was up 0.2% at $1,714.78 per ounce, as of 1256 GMT. U.S. gold futures were down 0.3% at $1,721.90. However, the bullion was set for a third consecutive weekly drop. The dollar index has fallen over 1.5% this week, making gold cheaper for holders of other currencies…

View entirety: Economic Times