Gold edged toward the highest since 2012, supported by concerns over a second wave of coronavirus infections and China's move to tighten oversight of Hong Kong.
Virus cases in some regions including Germany, Florida, California and Texas are rising and the World Health Organization is warning of ''a new and dangerous phase,'' though there are signs that a recent outbreak in Beijing is coming under control. China confirmed the proposed national security law would allow Beijing to override Hong Kong's legal system, likely adding to tensions with the U.S.
Spot gold was up 0.3% at $1,748.41 an ounce by 10:55 a.m. in London, after touching the highest since May 18, when prices reached a level last seen in 2012. Silver and platinum also gained, while palladium was little changed.
Source : Bloomberg