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Gold Rises as U.S. Riots, Hong Kong Rensions Lift Safe-Haven Appeal

Monday, 1 June 2020 09:15 WIB

GOLDEMAS

Gold prices climbed on Monday as reports of riots in the United States rattled investors already reeling from the deepening China-U.S. rift, fanning concerns of a fresh economic setback and drove traders towards the safe-haven metal.

Spot gold was up 0.6% at $1,736.31 per ounce, as of 1243 GMT. U.S. gold futures were flat at $1,751.30.

Protesters in the United States have flooded the streets over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and racially divided nation.

The closely packed crowds and demonstrators not wearing masks sparked fears of a resurgence of Covid-19, which has killed more than 101,000 Americans.

Source : Reuters

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