Virus panic pushes China to offer discounts; demand stumbles elsewhere

BENGALURU/MUMBAI (Reuters) – Gold in top-consumer China was offered at a discount for the first time in more than 3-1/2 years this week as the coronavirus outbreak stifled demand, while record prices in India pushed discounts to their widest in four months. The coronavirus outbreak continued to take its toll on activity as China reported more than 78,800 infections with almost 2,800 deaths so far. China offered discounts of up to $6.8 an ounce versus the benchmark. …read more

Source:: Yahoo Finance

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