Gold hovers near nine-year peak
Expected further economic stimulus drives demand for safe-haven metal
21 July 2020 - 07:48
Bengaluru — Gold rose on Tuesday, hovering near a nine-year peak hit in the last session, as worries over a spike in Covid-19 cases and expectations for inflation from more economic stimulus measures boosted demand for the safe-haven metal.
Spot gold was up 0.1% at $1,817.23 an ounce by 3am GMT, after hitting its highest since September 2011 at $1,820.06 on Monday. US gold futures were little changed at $1,817.80...
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