Gold climbs as fears over surging virus cases boost demand – ZAWYA

Gold climbs as fears over surging virus cases boost demand – ZAWYA

Gold climbs as fears over surging virus cases boost demand | ZAWYA MENA Edition HomeMarketsCommoditiesArticleGold climbs as fears over surging virus cases boost demand Spot gold rose 0.1% to $1,772.61 per ounce by 0015 GMT    Image used for illustrative purposes. An employee sorts gold bars in the Austrian Gold and Silver Separating Plant 'Oegussa' in Vienna, Austria, December 15, 2017. Gold prices edged higher on Monday as a sustained rise in novel coronavirus cases around the world intensified fears about a delay in global economic recovery and prompted investors to seek the safe-haven metal.FUNDAMENTALS* Spot gold rose 0.1% to $1,772.61 per ounce by 0015 GMT. Prices were $6.45 shy of a near eight-year high of $1,779.06, hit last week.Gold prices edged higher on Monday as a sustained rise in novel coronavirus cases around the world intensified fears about a delay in global economic recovery and prompted investors to seek the safe-haven metal.* Spot gold rose 0.1% to $1,772.61 per ounce by 0015 GMT. Prices were $6.45 shy of a near eight-year high of $1,779.06, hit last week.* U.S. gold futures GCv1 gained 0.3% to $1,785.90.* California on Sunday ordered some bars to close, the first major rollback of efforts