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Record Number of U.S. COVID-19 Cases Boost Gold

Friday, 10 July 2020 13:06 WIB GOLD EMAS

Gold was up on Friday morning in Asia, with investors turning to the safe-haven after the U.S. saw a record number of daily COVID-19 cases. The U.S. reported over 60,000 cases on Thursday, with Texas, Florida and California among the states with record numbers of new cases. Gold futures were up by 0.15% at $1,806.50 by 12:29 AM ET (5:29 AM GMT), ending the week above the $1,800 mark. Meanwhile, COVID-19 continues its global rampage, with over 12.2 million cases and 550,000 deaths globally as of July 10, according to Johns Hopkins University. The numbers further dampened investor hopes of an economic recovery from the virus, which was compounded when some cities were forced to reimpose...

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