Gold up on worries over 2nd wave of COVID-19

0 Comment(s)Print E-mail Xinhua, June 20, 2020
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CHICAGO, June 19 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday as investors feared a second wave of COVID-19.

The most active gold contract for August delivery rose 21.9 U.S. dollars, or 1.27 percent, to close at 1,753 dollars per ounce.

COVID-19 cases are on the rise in the United States, increasing haven demand for the precious metal.

Nevertheless, a stronger U.S. dollar and positive stock market indexes worldwide somewhat capped the increase of gold prices.

Silver for July delivery rose 33.9 cents, or 1.94 percent, to close at 17.847 dollars per ounce. Platinum for July delivery rose 15.1 dollars, or 1.86 percent, to close at 827.3 dollars per ounce. Enditem

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