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Gold Gains Ground As Coronavirus Cases Continue To Increase

Monday, 13 July 2020 19:22 WIB

GOLDEMAS

Gold was back on the rise Monday, with analysts tying support to a global rise in the number of COVID-19 cases.

Gold for August delivery on Comex rose $12.90, or 0.7%, to $1,814.80 an ounce, while September silver jumped 54.2 cents, or 1.9%, to $19.595 an ounce.

Gold pulled back Thursday and Friday after ending Wednesday at its highest level since September 2011. The yellow metal remained positive for the week, rising 0.7% for its fifth straight weekly gain to leave it up by around 18% for the year to date. Silver rose around 4% for the week.

Source : Market Watch

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