New York — Gold futures rose above $1,800/oz for the first time in more than eight years as low interest rates and a resurgence in coronavirus cases drive demand for the metal as a haven.

Bullion for August delivery rose as much as 1.3% to $1,804/oz on Tuesday on the Comex in New York, the highest for a most-active contract since November 2011. The metal posted its best quarter in four years...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.