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Gold Finishes Higher amid Coronavirus Fears

M. Ali 25 March, 2021 12:27 am Commodities, Market Update

Gold prices returned to gains on Wednesday, following two consecutive daily declines, amid increased demand for safe-havens, amid concerns about a third wave of the Coronavirus pandemic and renewed lockdowns in Europe.

The rise of the yellow metal futures came despite the rise of the U.S. Dollar (USD) to its highest level since the beginning of the year.

Gold futures for April delivery gained $8.10, or 0.5%, and closed at $1,733.20 per ounce.

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