Asian shares braced for more volatility on Thursday as eye-catching easing by central banks stoked fears of global recession, driving U.S. yields to near-record lows and lifting gold past $1,500 for the first time since 2013.
Spot gold was last at $1,503.56 per ounce, having been as far as $1,510. The precious metal has surged 16% since May as the worsening Sino-U.S. trade dispute sparked a rush to safe havens.
Spot gold was last at $1,503.56 per ounce, having been as far as $1,510. The precious metal has surged 16% since May as the worsening Sino-U.S. trade dispute sparked a rush to safe havens.
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