Bengaluru — Gold prices held steady near record highs on Tuesday as worries over the global economic fallout from mounting Covid-19 cases offset pressure from a rebound in the US dollar.
“The coronavirus problem is going to be with us for a while. It seems that economies around the world will be fragile for an extended period of time,” said Edward Meir, analyst at ED&F Man Capital Markets. Coronavirus cases continue to surge in the US and elsewhere. The World Health Organisation warned that the road to normality would be long, with some countries requiring a reset of strategy.
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