Bengaluru — Gold prices rose on Thursday after an equity rally fuelled by signs of an economic recovery from mandated shutdowns sparked the biggest daily fall since April 30 in the previous session.
The market is seeing some “corrective action” after Wednesday’s steep decline, said DailyFx currency strategist Ilya Spivak. Raising hopes for an economic recovery, US private payrolls fell less than expected in May, while China’s services sector returned to growth in May for the first time since January.
Asian shares rose to a two-month high on Thursday as government stimulus expectations lifted investor sentiment, curbing the appeal of gold.
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You can call this a gain, really?😅😅
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