Home / Market Update / Commodities / Gold Settles Higher on Thursday

Gold Settles Higher on Thursday

Gold prices increased on Thursday with the rising number of cases with the coronavirus disease (COVID-19) pushing demand for safe havens, despite news of successful attempts at developing an effective vaccine and signs of economic recovery.

Gold futures for August delivery increased by $10.10, or 0.6%, and closed at $1,790 per ounce.

Spot Gold increased by $6.60 or 0.37% to trade at $1,777.19.

Check Also

U.S. Stocks Climb on Economic Optimism, Fed Signals,

Strong Labor Market Fuels Market Confidence U.S. stock markets have shown resilience, climbing steadily during …