Tag: gold rate

The WHO declared that the Coronavirus was a global emergency even as the death toll crossed 170 and the number of infected cases neared 8000. The BSE declined by around 0.69% to 40,913.82 while the rupee weakened further against the USD in India. Fear was the key as the Dow too declined by over 200 points intra-day; with both the FOMC and the BoE leaving interest rates unchanged in the US and the Brexit bound UK, respectively, gold surged ahead during the day. Moreover, the US dollar too weakened against some major currencies.