Gold climbs to almost eight-year high
The metal is stronger as worry about a surge in Covid-19 cases boosts safe-haven demand
24 June 2020 - 08:31
Bengaluru — Gold climbed to its highest level in nearly eight years on Wednesday, as safe-haven demand was boosted by the worry about a surge in coronavirus infections and the hope of more stimulus measures to combat the economic blow.
Spot gold was up 0.1% at $1,768.50/oz as of 4.48am GMT after touching $1,773, its highest level since October 2012 in early Asian trade. US gold futures rose 0.2% to $1,785.50...
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