Gold holds above $1,800 as virus cases spike – ZAWYA

Gold holds above $1,800 as virus cases spike – ZAWYA

Gold holds above $1,800 as virus cases spike | ZAWYA MENA Edition HomeMarketsCommoditiesArticleGold holds above $1,800 as virus cases spike Spot gold fell 0.2% to $1,806.30 by 0046 GMT    Image used for illustrative purpose Gold bars are seen at the Austrian Gold and Silver Separating Plant 'Oegussa' in Vienna, Austria, March 18, 2016. Gold held above $1,800 on Thursday, close to the near nine-year peak hit in the previous session, on growing fears that surging coronavirus cases could stall a global economic recovery, with the focus shifting to U.S. jobs data later in the day.Spot gold was little changed at $1,809.19 per ounce at 1133 GMT. It climbed to its highest since September 2011 at $1,817.71 on Wednesday. U.S. gold futures were 0.3% lower at $1,816."The combination of global central bank easing, geopolitical risks, the persisting pandemic impact and global recession could continue to push gold prices higher in the medium term," said Bank of China International analyst Xiao Fu.Spot gold was little changed at $1,809.19 per ounce at 1133 GMT. It climbed to its highest since September 2011 at $1,817.71 on Wednesday. U.S. gold futures were 0.3% lower at $1,816.Gold held above $1,800 on Thursday, close to the