Gold Inches Higher But Is Still Losing – 19 March, 2020

A rush for cash has investors leaving gold behind as the precious metal is set for its second weekly drop despite small gains. Gold rose 0.4% to $1,475.43 per ounce but was down over 3% for the week. U.S. gold futures dipped 0.3% to $1,474.20 per ounce. Investors have been moving to more liquid investments such as the U.S. dollar as the coronavirus continues to spread rapidly across the world affecting people and businesses and thus the global economy.