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Gold Prices Down as Asian Markets Report Gains

Tuesday,   31-Mar-2020   09:30 AM (IST)

Gold prices in Asia were down on Tuesday morning as stock markets gained. Prices of the yellow metal reached $1,645.3 overnight as investors reacted to the United States’ extension of COVID-19 restrictions to April 30 by seeking safe havens. But Gold futures failed to hold onto its gains from the last session and fell by 0.37% at $1,637.1 by 9:34 PM ET (2:34 GMT). Asian equities markets reported gain today as China announced a Manufacturing Purchasing Managers’ Index of 52 for March, defying expctations of a contraction.