Gold Maintains Gains for Third Day in Row

Gold prices rose on Monday for the third consecutive session, amid concerns about the new wave of the Coronavirus pandemic, despite positive news about the vaccine being developed by Moderna.

Accordingly, gold futures for December delivery saw limited gains, closing higher by $1.60, or 0.08%, at $1,887.80 per ounce.

Last week, the precious metal declined by more than 3% on the back of positive news about another vaccine being developed by BioNTech and Pfizer.