Gold hits more than one-week high on virus surge jitters


Glittering haven: Gold of various weights and sizes sit at Gold Investments Ltd bullion dealers in London. — Bloomberg

BENGALURU: Gold prices hit a more than one-week high on Tuesday as surging coronavirus Delta variant cases raised concerns over its impact on the pace of economic recovery, driving investors towards safe-haven assets.

Spot gold rose 0.2% to $1,791.55 per ounce by 0655 GMT, after hitting a peak since Aug. 6 at $1,792.83.

Get 30% off with our ads free Premium Plan

Monthly Plan

RM9.73/month

Annual Plan

RM8.63/month

Billed as RM103.60/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Gold , Silver , Federal Reserve

   

Next In Business News

CIMB’s succession planning coming into sharp focus
Setting an upbeat tone
Sime Darby Property banking on good prospects continuing
Strong earnings visibility for Matrix Concepts
Japan takes Taiwan’s helping hand in chip ops
Quebec pension hit with real estate loss as ‘hostile’ market persists
TRX takes the spotlight
Central Europe shoppers still shell-shocked
UMWT to drive green mobility growth
Soul-searching for ringgit solutions

Others Also Read