Gold prices sink with stocks as rise in coronavirus cases sparks rush to dollars

Gold prices threaten to settle beneath 50-day moving average

Gold prices were seeing a sharp drop to start the last full week of September as an apparent flight to dollars, partly fueled by rising global risks that included renewed COVID-19 lockdown measures in Europe, pressured bullion lower.

A selloff across global equity markets, tied in part to worries over the rise in COVID-19 cases and the potential for the renewal of restrictions on activity, as well as uncertainty over a fresh round of government relief, added to the negative tone, analysts said.

https://www.morningstar.com/news/marketwatch/20200921163/gold-prices-si…