Gold poised for 5th straight weekly rise on virus fears


Spot gold was little changed at $1,801.47 per ounce by 0249 GMT, up nearly 1.5% for the week. U.S. gold futures rose 0.2% to $1,806.80.

BENGALURU: 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.

Spot gold was little changed at $1,801.47 per ounce by 0249 GMT, up nearly 1.5% for the week. U.S. gold futures rose 0.2% to $1,806.80.

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gold , Covid-19 , longer-term technicals

   

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