image credit: Pexels

Gold prices slide, set to halt 2 days of gains but holding above $1,700

May 5, 2020

Gold prices traded modestly lower on Tuesday, dragged down by optimism about the easing of business lockdowns in the U.S. and Europe in particular, as the daily death tolls from the COVID-19 pandemic begin to fall amid hope for the speedy development of a vaccine.

California Gov. Gavin Newsom late Monday said that certain retailers could open on Friday for curbside pickup, reflecting an easing in shutdown protocols in one of the first U.S. states to implement such measures to slow the pathogen’s spread.

Read More on Market Watch