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 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 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

Gamuda named among world’s most sustainable firms
Sports Toto sells stakes for RM16.61mil
Insurance ownership not seen as trend for banks
Southern Cable eyes earnings upside from DC orders
Slower China expansion augurs well for glove sector
Fresh job wins likely to put Inta Bina on re-rating track
Inokom opens RM300mil paint facility
Maybank completes sukuk issuance
Fire breaks out at Asia File’s UK paper mill
TNB spending boost to benefit MN Holdings

Others Also Read