Gold Rallies as Goldman Sees ‘Inflection Point’ After Sell-Off

Bullion jumps following Fed move to aid virus-hit U.S. economy
Palladium surges in biggest intraday gain since 1998

WATCH: Mark Mobius shares his strategy for emerging-market and U.S. stocks, oil and gold.(Source: Bloomberg)

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By Ranjeetha Pakiam

March 24, 2020 at 12:59 AM UTC

Updated on

March 24, 2020 at 12:04 PM UTC

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Gold extended its rally on fresh waves of stimulus measures, with Goldman Sachs Group Inc. saying bullion’s probably at an inflection point and it is time to buy.

The precious metal is rising along with risk assets, amid renewed hopes that the U.S. Congress will pass a spending package that, together with the Federal Reserve’s massive stimulus program, could ease the impact from the coronavirus.