Gold prices rose nearly 3% on Monday, following a steep decline in the previous ...
- Gold prices rose nearly 3% on Monday, following a steep decline in the previous session, as the dollar and global equities fell sharply after the U.S. Federal Reserve made another surprise interest rate cut.
* Stock markets and the dollar fell heavily, after emergency rate cuts in the United States and New Zealand failed to allay fears about the coronavirus’ economic shock. * European Union finance ministers plan to agree on Monday on a coordinated economic response to the epidemic, with the European Commission forecasting the effects of the virus could push the EU into a recession.
* Physical gold markets in major Asian hubs last week reeled from the impact of the outbreak and dealers offered deeper discounts in top consumer China.
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