Gold futures inch near psychologically important $1,800 price
Monday, 29 June 2020 19:02 WIB | PRECIOUS METALS |GOLDEMAS

Gold futures on Monday headed higher as the dollar softened and as evidence of a rapid spread in coronavirus cases supported bullion buying to start the week.

The death toll from the coronavirus pandemic surpassed 500,00 and infections topped 10 million over the weekend, according to data compiled by Johns Hopkins University researchers.

Against the backdrop, August gold rose $6.80, or 0.4%, at $1,787.10 an ounce, after gold saw an advance of 1.6%, its third weekly rise in a row. Early last week, gold touched its highest level since 2012 as infections of COVID-19 accelerated.

Silver futures tallied a climb of nearly 1.1% on Friday, based on the most-active contracts, according to Dow Jones Market Data.

Source : Marketwatch

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