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Anuj Gupta

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Gold to Hit $1900 Jolted By Stimulus Packages Liquidity
April 8th, 2020 - 07:30 GMT

Gold to Hit $1900 Jolted By Stimulus Packages Liquidity

Gold futures rallied for the fifth consecutive day, surging above $1,700 an ounce to the highest since 2012, underpinned by ample liquidity in the wake of massive economic stimulus packages initiated worldwide to contain coronavirus epidemic as precious metals analysts forecast the yellow metal to hit $1900 an ounce in weeks. On Tuesday, as investors weighed the economic fallout from the pandemic and the prospect of more stimuli, gold widened ...
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