Gold rises 1pc as central bank stimulus fuels investor interest

April 16, 2020

New York (Apr 16)  Spot gold was up 1.2pc at $1,735.55 per ounce by 1207 GMT, holding near a more than seven-year high hit earlier this week. U.S. gold futures rose 1.3pc to $1,763.

•U.S. retail sales plunged 8.7pc last month, the biggest decline since the government started tracking the series in 1992, while manufacturing output fell by the most in 74 years.


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