Gold up as COVID cases increase

0 Comment(s)Print E-mail Xinhua, June 30, 2020
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CHICAGO, June 29 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as investors remained concerned over the rapid spread of COVID-19.

The most active gold contract for August delivery rose 0.9 U.S. dollar, or 0.05 percent, to close at 1,781.2 dollars per ounce.

As COVID-19 infections are spiking in Florida, Texas and other populated regions across the United States, investors weighed investment in gold as a safe haven asset over that in risky assets.

The U.S. Dollar Index rose slightly on Monday, capping the gold's growth somewhat.

Silver for September delivery fell 10.4 cents, or 0.57 percent, to close at 18.064 dollars per ounce. Platinum for October delivery rose 8.9 dollars, or 1.09 percent, to close at 828.2 dollars per ounce. Enditem

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