Gold prices fell on Monday as investors liquidated their positions in the safe-haven metal despite stimulus measures from global central banks to combat economic damage from the coronavirus outbreak. Spot gold fell 0.7% to $1,487.83 per ounce . The metal rose as much as 3.1% on Friday as a wave of fiscal and monetary stimulus from central banks across the globe halted a run for cash. U.S. gold futures rose 1% to $1,499.50 per ounce. Asian markets were set for another turbulent week as more countries all but shut down in the fight against the virus, threatening to overwhelm policymakers’ frantic efforts to cushion what is clear to be a deep global recession. Asian markets were set for another turbulent week as more countries all but shut down in the fight against the virus, threatening to overwhelm policymakers’ frantic efforts to cushion what is clear to be a deep global recession. The U.S. Federal Reserve continued to roll out emergency support on Friday as it enhanced efforts with other major central banks to ease a global dollar-funding crunch. Physical demand for gold jumped last week in Singapore as buyers took advantage of a recent slide in prices after investors dumped the metal to raise cash.