Gold Firms Near 8-Year Peak As Virus Fears Prompt Safe-Haven Demand
Wednesday, 1 July 2020 10:37 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices edged higher on Wednesday, hovering near an eight-year high, as a spike in COVID-19 infections in the United States assuaged hopes of a swift economic rebound, pushing investors towards the safety of bullion.

Spot gold edged up 0.1% at $1,782.21 per ounce by 0115 GMT, after hitting its highest since early October 2012 at $1,785.46 in the previous session.

U.S. gold futures eased 0.1% to $1,799.30.

Fresh U.S. coronavirus cases could more than double to 100,000 per day if the current surge spirals further out of control, the government™s top infectious disease expert warned on Tuesday.

Source : Reuters

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