Gold holds above US$1,800 level on coronavirus resurgence concerns

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BENGALURU (REUTERS) - Gold held steady above the key US$1,800 per ounce level on Thursday (July 9), as worries over a resurgence in Covid-19 cases offset hopes of a swift global economic recovery.. Read more at straitstimes.com.

BENGALURU - Gold held steady above the key US$1,800 per ounce level on Thursday as worries over a resurgence in Covid-19 cases offset hopes of a swift global economic recovery.

"Gold is looking very bullish both in the short and long-term... It has enough catalysts to take it to record territory before the end of the year," said Mr Moya. Meanwhile, Britain's finance minister promised an additional US$38 billion to head off an unemployment crisis.Providing further support to gold, the dollar traded near multi-week lows.

 

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