Stimulus hopes push gold close to eight-year high
The metal is steady as worry over surging Covid-19 cases and the hope of more stimulus measures from the Fed boost safe-haven demand
08 July 2020 - 08:38
Bengaluru — Gold steadied near a more than eight-year high on Wednesday, as the worry over surging Covid-19 cases and the hope of more stimulus measures from the US Federal Reserve lifted demand for the safe-haven metal.
Spot gold was little changed at $1,792.79/oz by 2.41am GMT, after hitting its highest since November 2011 at $1,796.93 on Tuesday, just a few dollars away from the key $1,800 level. US gold futures eased 0.2% to $1,805.70...
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