One kilogram fine gold bars sit stacked in the precious metals vault at Pro Aurum KG in Munich, Germany, on Wednesday, July 10,2019. Gold rose for a third day after the Federal Reserve indicated that it’s preparing to cut interest rates for the first time in a decade as the global economy slows. Photographer: Michaela Handrek-Rehle/Bloomberg
SINGAPORE: Gold futures edged closer toward US$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 is heading for its best quarter since 2016 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.
Limited time offer:
Just RM5 per month.
