Gold demand seen weighed by shutdowns

CGS-CIMB also noted that the impact of the pandemic was expected to be deflationary - and this has historically worked against the price of gold.

PETALING JAYA: Unless Covid-19 is contained very soon, the lockdowns and partial lockdowns are likely to damage the current as well as future demand for gold.

CGS-CIMB also noted that the impact of the pandemic was expected to be deflationary - and this has historically worked against the price of gold.