Gold close to eight-year high as pandemic worries grow
The metal is stronger thanks to pandemic-fuelled safe-haven demand
01 July 2020 - 09:15
Bengaluru — Gold prices firmed near an eight-year peak on Wednesday, as the metal’s safe-haven demand was boosted by the worry about the global economic effect of surging coronavirus infections around the world.
Spot gold was up 0.1% at $1,782.67/oz by 3.36am GMT, after hitting its highest since early October 2012 at $1,785.46 in the previous session. US gold futures were steady at $1,800.60...
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