Gold rate today: Bullion skids as Fed sees less risk to
US growth
Gold futures skid in the domestic market on Monday as positive commentary from US Fed put pressure on the
prices. However, some of the effects were offset by a fast-spreading coronavirus outbreak that is hitting the global
The Federal Reserve said that the US economy slowed last year on weak global growth, but key risks have receded
and the likelihood of recession has declined, although it recognised possible risk of an economic downturn due to
the fallout from the coronavirus ..
