Gold rises 1% on flight to safety driven by pandemic fears
"The ramification of easing monetary policy cycle and trillion dollars of stimulus means the market will be full of liquidity and ample supply of paper money in months, quarters or years to come, and that`s definitely supporting gold`s rally amid very limited supply (of physical bullion)."
Spot gold rose 1% to $1,587.31 per ounce by 0605 GMT, having slumped 3.1% in the previous session on a strong dollar. Photo: Reuters