Gold granulate is seen at a plant of gold refiner and bar manufacturer Valcambi in the southern Swiss town of Balerna. Picture: REUTERS/MICHAEL BUHOLZER
Spot gold rose 0.8% to $1,481.30/oz by 3.28am GMT after a 1% fall in the previous session and was en route to post a near 3% decline for the week. US gold futures climbed 0.5% to $1,486.50/oz. Asian shares sought a reprieve after gains on Wall Street, while the dollar was set for its biggest weekly rise since the 2008 crisis as the epidemic drove a dash for cash. The US Federal Reserve opened the taps for central banks in nine new countries to access dollars in hopes of preventing the outbreak from causing a global economic rout.
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