Gold Price Recovers on Wednesday
APMEX
2/26/2020 8:48:25 AM
Gold recovered on Wednesday, a day after it posted its biggest one-day drop in nearly four months, as the coronavirus scare prompted safe-haven flows towards bullion. Gold is up more than 3% so far this month, having hit a 7-year high earlier this week as the rapidly spreading coronavirus exacerbated fears of an economic slowdown. World stocks tumbled for the fifth day based on fears of prolonged disruption to global supply chains, while U.S. bond yields held near record lows. Silver and Platinum prices are also attempting to recover, while Palladium has posted a solid gain on Wednesday.
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