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Gold futures end modestly higher, on track to tally a monthly gain


Tuesday, 30 June 2020 01:08 WIB

GOLDEMAS


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Gold futures settled with a modest gain Monday, with prices on track to end the month, as well as the first half of the year, higher.

"There is still some safe-haven demand underpinning the yellow metal amid heightened concerns about the COVID-19 pandemic and a second wave hitting global economies" said Jim Wyckoff, senior analyst at Kitco.com. "There is also some profit-taking seen by the shorter-term futures traders to start the trading week."

August gold rose 90 cents, or 0.05%, to settle at $1,781.20 an ounce.

Source: Marketwatch


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