Gold wavers after topping US$1,700 amid market mayhem

Mon, Mar 09, 2020 - 2:29 PM

Gold retreated in volatile trading after turmoil in the oil market, the spread of the coronavirus, sinking equities, and expectations of easier monetary policy pushed prices above US$1,700 an ounce.

PHOTO: REUTERS

[SINGAPORE] Gold retreated in volatile trading after turmoil in the oil market, the spread of the coronavirus, sinking equities, and expectations of easier monetary policy pushed prices above US$1,700 an ounce.

The metal hit the highest since 2012, before paring gains, as Brent collapsed...

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