(Bloomberg) — Gold futures edged closer toward $1,800 an ounce — a level last seen at the end of 2011 — as demand for haven assets surged amid concerns over rising coronavirus infections.Bullion rose as deaths surpassed 500,000 worldwide and confirmed cases exceeded 10 million, according to Johns Hopkins University data. The increasing numbers are a chilling reminder that the deadliest pandemic of the modern era is stronger than ever.The precious metal has rallied 17% this year as governments and central banks implemented stimulus measures to aid economies battered by the pandemic’s impact. Investors are increasingly turning to gold as …read more
Source:: Yahoo Finance
