Gold Jumps to All-Time High

Gold prices rose to an all-time high on Monday with the demand for the metal as a safe haven boosted by concerns over the economic implications of growing Covid-19 cases, but a rise in the dollar limited the gains.

The spot of gold was stable at $ 1973.75 an ounce, after hitting a record high of $ 1984.66 in early Asian trade.

U.S. gold futures increased 0.3% to $ 1992.10.

Covid-19 cases continued to rise in the United States, with the number of infections reaching 17.96 million globally.

In other precious metals, silver fell 0.5% to $ 24.26 an ounce, and platinum fell 1% to record $ 897.61, while palladium settled at $ 2090.22 an ounce.