CHICAGO, June 22 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as COVID-19 cases continued to rise.
The most active gold contract for August delivery rose 13.40 U.S. dollars, or 0.76 percent, to close at 1,766.4 dollars per ounce.
The World Health Organization announced more than 183,000 new COVID-19 cases on Monday, the largest single-day increase, driving investors to the precious metal as a safe haven.
The U.S. Dollar Index fell on Monday, also lending support to gold.
Economic data released Monday also supported gold. U.S. existing-home sales dropped 9.7 percent in May to a seasonally adjusted annual figure of 3.91 million.
Though the Chicago Fed on Monday put its national activity index at 2.61 in May, after a negative 17.89 in April, market analysts hold that investors are unlikely to put much weight on the reading of this measure as the effects of COVID-19 are still bearing down on the United States, and the long-term economic impacts are still uncertain.
Silver for July delivery rose 5.5 cents, or 0.31 percent, to close at 17.902 dollars per ounce. Platinum for July delivery rose 16.4 dollars, or 1.98 percent, to close at 843.7 dollars per ounce. Enditem
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