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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…

Gold drops near two-week low as dollar rebounds (Reuters)

(Reuters) - Gold fell to its lowest in nearly two weeks on Monday hurt by a stronger dollar, while investors looked to U.S. Federal Reserve policymakers’ speeches this week for clues on further stimulus measures to revive the coronavirus-battered economy. https://www.reuters.com/article/idUSKCN26C04H

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