Rising Covid-19 infections and weaker dollar boost gold
Deteriorating coronavirus numbers in India and Japan increase demand for safety, analyst says
26 April 2021 - 07:22
Bengaluru — Gold prices gained on Monday as rising coronavirus cases boosted the metal’s safe-haven appeal, supported by a weaker dollar as investors await this week’s US Federal Reserve meeting, while autocatalyst palladium was little changed after scaling historic highs last week.
Spot gold was up 0.3% at $1,781.97 per ounce by 5.43am. US gold futures rose 0.2% to $1,781.90 per ounce...
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