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Gold Prices Settle Higher and Silver Maintains Gains

M. Ali 20 July, 2020 11:23 pm Commodities, Market Update

Gold prices settled higher on Monday, with the trading week beginning with an increased demand for safe havens as the number of COVID-19 cases continue to increase in the US and the world.

Gold futures for August delivery increased by 0.4% and settled at $1,817.40 per ounce.

Meanwhile, silver futures for September delivery maintained their earlier gains and settled at 20.192 per ounce, their highest closing level since August 2016, after adding 2.2% or $0.43.

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