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

economy.

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  ..

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