Coronavirus drives mixed results in gold demand in Q1

It’s a mixed bag for gold demand amid the coronavirus, which could be one reason goldprices can’t seem to decide which way to go. Gold has been consolidating, holding above 1,700 an ounce as the coronavirus drives gold demand up in one area and down in another. Craig Erlam of OANDA says this consolidation period may last a while longer.Q1 2020 hedge fund letters, conferences and more”Gold remains in consolidation mode, with the price holding above $1,700 but not exactly taking off to the upside,” he said in an email. “It continues to look caught in two minds with little desire to move signific…

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