Breaking Business News | Breaking business news AM | Breaking Business News PM

Metals Stocks: Gold cuts losses as short covering kicks in after an earlier drop of more than 4%

16 Mar 2020

Gold futures significantly cut their earlier losses in Monday dealings, as short covering kicked in following an earlier drop of more than 4% for the precious metal. Traders reacted to a limit-down tumble for benchmark U.S. stock indexes at the opening bell after the Federal Reserve’s emergency decision Sunday to slash rates and implement $700 billion in asset purchases.


Read the full article here.
This content was originally published by MarketWatch.com - Top Stories. Original publishers retain all rights. It appears here for a limited time before automated archiving. By MarketWatch.com - Top Stories

Covid-19 – Johns Hopkins University

Download brochure

Introduction brochure

What we do, case studies and profiles of some of our amazing team.

Download