Read more about Gold gains as rising Covid-19 cases drive safe-haven demand on Business Standard. (Reuters) – Gold prices climbed on Tuesday as concerns over the economic damage from surging Delta coronavirus cases, and a dip in U.S. Treasury yields boosted the safe-haven metal’s appeal.
(Reuters) – climbed on Tuesday as concerns over the economic damage from surging Delta cases, and a dip in U.S. Treasury yields boosted the safe-haven metal’s appeal. Spot gold rose 0.6% to $1,823.06 per ounce by 1254 GMT, having hit a low of $1,794.06 in the previous session. U.S. gold futures gained 0.8% to $1,824.20. „The great problem currently is the fear about the economic impact of the Delta variant of the and after Japan took severe measures concerning the Olympic Games, got more and more nervous, resulting in a flight into safe havens,“ said Quantitative Commodity Research analyst Peter Fertig.
