Gold is Approaching $ 1900

Gold is trading near the level of $ 1900 an ounce approaching the highest level recorded in 9 years and got support from the increasing demand for the yellow metal as a safe haven, the weakening of the US dollar and continued increase of corona cases in the United States with the growing tensions between the United States and China.

Gold is heading towards the seventh weekly closing on the rise in the longest profit chain since 2011.

Gold prices fell in live trading by 0.1% to 1.885.52, but soon returned to 1,892 and reached $ 1,898.34 an ounce to approach the highest level recorded in September 2011 at 1,921.17.