Rising pandemic boosts gold to record high
Surging infection rates are supporting the bullion and driving US dollar higher, strategist says
03 August 2020 - 07:26
Bengaluru — Gold prices surged to a record high on Monday as fears over an economic fallout from rising Covid-19 cases boosted demand for the safe-haven metal, though gains were capped by an uptick in the US dollar.
Spot gold was steady at $1,973.94 per ounce by 4.54am, after hitting a record high of $1,984.66 in early Asian trade. US gold futures rose 0.3% to $1,992.30...
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