Gold Dips As Investors Await U.S. Jobs Data – 1 April, 2020

The rapid spread of the coronavirus has left many investors on their seats, looking for signs of a recession that will be made more evident after the release of jobless data this week. Gold prices edged lower as investors moved to the firmer dollar in search for more liquidity. Spot gold was down 0.4% to $1,584.50 per ounce having risen 1.2% the previous session. U.S. gold futures were up 0.4% to $1,597.20 per ounce. A survey of economists show jobless benefits are expected to grow by 3.5 million, up from last weeks recorded 3.3 million.