Gold Price Today: Yellow metal prices set for sixth straight quarterly gain

London (Mar 31)  Gold prices eased on Tuesday as the U.S. dollar held firm, while fears of further economic fallout from the coronavirus pandemic provided some supported to bullion, which is on track to post its sixth straight quarterly gain. Spot gold was down 0.3% at $1,616.34 an ounce, as of 0037 GMT. U.S. gold futures eased 0.1% to $1,641.20. The Yellow metal was up about 6.5% for the quarter, set for its sixth consecutive quarterly percentage rise.

The dollar held steady against its key rivals, having gained 0.8% in the previous session as investors braced for prolonged uncertainty and governments tightened lockdowns and launched monetary and fiscal measures to fight the virus. Asian shares managed a tentative rally on Tuesday after European and U.S. equities stabilised.

ZeeBusinessNews

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