Bullion recovers as politics dash hopes on smooth economy rebounds

29.05.2020

Gold climbed 1% on Thursday, rebounding from the previous session's two-week low, as a deepening rift between the United States and China and weak economic data fueled concerns about the global economy.

Spot gold gained 0.7% to $1,721.35 per ounce by 10:57 a.m. EDT (1457 GMT). U.S. gold futures rose 0.6%...