empty
 
 

2020.04.1310:23:00UTC+00Gold Prices Mixed In Cautious Trade

Gold prices traded mixed in cautious trade on Monday as traders booked profits after last week's rally to a one-month high.

Coronavirus-related worries and the U.S. Federal Reserve's stimulus measures helped to limit the downside to some extent. Spot gold rose 0.4 percent to $1,690.09 per ounce, while U.S. gold futures were down 0.70 percent at $1,740.90.

The dollar trimmed earlier declines against other major currencies as investors await earnings from U.S. banks and financial firms for direction.

JPMorgan, Citigroup, Bank of America, BlackRock, Goldman Sachs and Wells Fargo will unveil their first-quarter earnings this week.

The British pound rose against the euro and dollar after Prime Minister Boris Johnson was discharged from the hospital where he was being treated for the coronavirus.

There are 70 coronavirus vaccines in development globally, with three candidates already being tested in human trials, the World Health Organization (WHO) said as the global coronavirus death toll increased to 114,245.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback