Gold slips as coronavirus treatment hopes lift risk appetite

U.S. gold futures eased 0.2% to $1,942.90. “Weighing a little bit on immediate sentiment is virus positive news that has helped stocks and other risk assets go higher today,” said Stephen Innes, chief market strategist at financial services firm AxiCorp, adding that gold was in consolidation ahead of Jackson Hole. Asian stocks extended gains after the U.S. Food & Drug Administration authorised the use of blood plasma from patients who have recovered from COVID-19 as a treatment for the disease. …read more

Source:: Yahoo Finance

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