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Gold Settles Higher as COVID-19 Cases Surge

M. Ali 12 November, 2020 11:21 pm Commodities, Market Update

Gold prices rose on Thursday, amid increased concerns about the rising number of Coronavirus cases in the United States.

The US recorded a record 200,000 cases of COVID-19 in a single day, the highest on record.

The rise of the yellow metal comes as the US Dollar (USD) is also showing a mixed performance against major currencies.

Gold futures for December delivery increased by $11.70, or 0.6%, and settled at $1,873.30 per ounce.

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