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Gold slips amid boost risk appetite

April, 27 2020
watermark Economic news

On Monday, the price of gold began to decline amid rising risk appetite after signs that countries could soon weaken coronavirus-driven lockdowns. The spot price of gold fell to $1,720.05 per troy ounce.


However, experts predict that the fall will not last long, as market participants hope for the introduction of new incentive measures by leading central banks.


The price of palladium rose by 0.72%, to $ 2.039.68 an ounce, and platinum – by 0.27%, to $761.80 an ounce. Silver fell 0.14% to $15.22.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.