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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Gold , Silver , Federal Reserve

Next In Business News

M&G enters JV to expand vessel maintenance and repair services
Binastra wins RM1.18bil building, infrastructure contracts in Johor
FBM KLCI retreats on profit-taking despite stronger GDP data
Indonesia’s B50 delay opens short-term export window for Malaysian palm oil
Taiwan aims to be strategic AI partner in US tariff deal
Oil prices inch up as market evaluates supply risks
CPO to trade around RM4,000 a tonne in 2026, according to Kenanga
Gold slips as upbeat US data boosts dollar, dims rate-cut bets
Rakuten Trade raises FBM KLCI year-end target, sees stronger earnings and fund flows
Genting Plantations unit fined RM96.6mil by Indonesian authorities

Others Also Read