Gold rose on Thursday after hitting a two-week low in the previous session as the rift between Washington and Beijing over Hong Kong escalated, with prices also supported by central bank and government largesse to cushion the blow from the pandemic.
Spot gold was up 0.6% at $1,718.77 per ounce, as of 0544 GMT, after dropping to $1,693.22 on Wednesday. U.S. gold futures rose 0.5% to $1,717.80.
Worsening relations between the world’s two biggest economies could further hobble global business activity, which is already under intense pressure due to the coronavirus crisis.
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