Gold poised for 5th straight weekly rise on virus fears

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Gold was set for a fifth straight weekly gain on Friday as worries over a spike in U.S. coronavirus cases kept the safe-haven metal near the technical $1,800-per-ounce threshold.

FILE PHOTO: An employee holds a 1kg gold bar at AGR in Entebbe, Uganda, October 4, 2018. Picture taken October 4, 2018. REUTERS/Baz Ratner/File Photo

“It’s been a week where all the same risks remain, and fundamentals have yet to tangibly change,” said IG Markets analyst Kyle Rodda. More than 60,000 fresh COVID-19 cases were reported across the United States on Wednesday, the largest one-day increase by any country since the pandemic emerged in China last year.

Reflecting risk-off sentiment, Asian equities fell on concerns of fresh lockdowns in the United States.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Señor Maduro of Venezuela would like access to his country’s gold currently in the vaults of the Bank of England !

Hey askin for help is anyone willing to donate a $1 to my sister, nephew & I, I lost both my jobs due to COVID I filed for unemployment but waitin for the benefit and we dont have any food & bills comin up if you can help we would be super grateful Venmo or Cashapp MattMartins147

Indeed ! virus has nothing to see with that .... but sure you know ! BrettonWoods3

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NYC closes down stretch of 5th Avenue at Trump Tower to paint BLM muralNew York City has closed down a stretch of 5th Ave. at Trump Tower to begin painting a large Black Lives Matter mural. I wonder how many lives will be saved because of this pandering. 🙄 deblasio’s boot-licking wife probably payin herself $1000.00 a minute to join in...... underqualifieddeblasiowife I hope someone has the guts to go out tonight after it is done and paint ALL before it.
Source: MSNBC - 🏆 469. / 51 Read more »

NYC paints Black Lives Matter mural in front of 5th Avenue Trump TowerNew York City on Thursday shut down a block of Fifth Avenue in front of Trump Tower and painted a Black Lives Matter mural. Terrorist hate groups 'Mural.' Communist graffiti by vandals spreading Covid
Source: MSNBC - 🏆 469. / 51 Read more »

Gold storms past $1,800 towards new record highGold pushed above $1,800 an ounce on Wednesday for the first time since 2011, with analysts expecting further gains as investors stock up on an asset they expect to hold its value while the coronavirus convulses the global economy. What are your expectations? This is interesting let's watch who does what with there reserve's US $ hegemony caught the virus.
Source: Reuters - 🏆 2. / 97 Read more »

Olympic gold medallist Usain Bolt finally reveals baby’s unusual name and shares the first photoUsain Bolt finally reveals the name of his baby daughter and shares the first photograph These are some of the most beautiful photos. My jaw dropped! And I love the name. It’s perfect! Usain, what a gorgeous family you have! You are truly blessed!❤️❤️❤️❤️❤️
Source: hellomag - 🏆 24. / 68 Read more »

Why gold has become a ‘weapon of choice’ for investorsGold prices have climbed to their highest levels in nearly nine years, with the precious metal seen as a ‘weapon of choice’ for investors dealing with... Would you buy gold now? What goes up comes down ... I’m expecting sharp correction soon👍
Source: MarketWatch - 🏆 3. / 97 Read more »

My Favorite Dainty Gold Earrings Are Customizable — I Added My Birth FlowerI have so many earrings, I should probably own two jewelry boxes for them, but lately, I've been reaching for simple, versatile pieces. One of my favorite
Source: POPSUGARFashion - 🏆 28. / 68 Read more »