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Gold falls on cash run, markets await US stimulus


Gold prices fell on Thursday as investors scurried for liquid cash while awaiting the passage of a $2 trillion dollar U.S. stimulus package to combat the economic impact of the coronavirus epidemic.

FUNDAMENTALS

* Spot gold fell 0.6% to $1,604.16 per ounce by 0038 GMT.

* U.S. gold futures were up 0.3% at $1,639 an ounce.

* Republican and Democratic leaders of the U.S. Senate hoped to vote on Wednesday on the $2 trillion emergency package to alleviate the devastating economic impact of the virus.

* A last-minute obstacle to the passage of the stimulus bill ...


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