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

Gold Hits Record High as Trump’s Fed Overhaul Plan and Russia-Ukraine Escalation Spur Safe-Haven Demand

Gold prices surged to fresh all-time highs in Asian trading on Monday, driven by deepening …