Latest News : Gold hit its highest level in 8 years, as the increasing incidence of corona cases kept the demand for safe havens high, despite the gains recorded by the rise of stocks and positive data for the US services sector.
The price of gold in spot trading on Monday rose 0.44 percent to $ 1782.50 an ounce, and recorded a profit in US futures contracts by 0.2% to $ 1793 an ounce.
Latest News : “Investors are skeptical about the continuation of this recovery with the same resilience because we all expect that rapid recovery and we may have a recovery that takes longer, and that will support gold prices,” said Edward Moya, market analyst at Oanda Brokerage.Right Now Times
Latest News : US stocks rose on the back of unexpected growth in the US services sector and supported by hopes of a recovery led by China from the economic downturn caused by the outbreak of the Corona virus.
Latest News : Among other precious metals, palladium rose 0.2%, to 1927.70 dollars an ounce, and platinum increased 1.77%, to 814.00 dollars an ounce, as silver rose 0.9%, to 18.20 dollars an ounce.