Gold up on COVID-19 concerns


By Xu JingUnreguser

CHICAGO, Jan. 4 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as investors weighed COVID-19 concerns.

The most active gold contract for February delivery rose 51.5 U.S. dollars, or 2.72 percent, to close at 1,946.6 dollars per ounce.

Investors were worried about rising COVID-19 cases, as more than 1.8 million people have died from COVID-19 worldwide. The cases may keep rising due to the holidays amid slow rollout of COVID-19 vaccine.

Investors were also concerned about a new strain of COVID-19, as several cases have been detected in the United States.

IHS Markit on Monday posted its seasonally adjusted final U.S. manufacturing purchasing managers index at 57.1 in December, up from 56.5 in November. The reading is the highest measurement for U.S. manufacturing in more than six years, dampening gold somewhat.

Silver for March delivery rose 95.2 cents, or 3.6 percent, to close at 27.364 dollars per ounce. Platinum for April delivery fell 7.7 dollars, or 0.71 percent, to close at 1,071.5 dollars per ounce.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In World

Tunisia's main party holds street protest, escalating government row
Biden White House asks 'Trump who?' ahead of speech to conservatives
Iran says U.S. air strikes in Syria encourage terrorism in the region
Kidnappers release Nigerian schoolboys as search for 300 abducted girls continue
U.S. House approves Biden's $1.9 trillion COVID-19 aid
Exclusive: Bangladesh under 'no obligation' to accept stranded Rohingya refugees - minister
Biden's $1.9 trillion COVID-19 bill clears hurdle toward passage in U.S. House
Firecrackers fly as Taiwanese celebrate pared back festival
Yemen's children starve as U.N. seeks billions to avoid vast 'man-made' famine
Berlin activists show manspreaders who wears the trousers

Stories You'll Enjoy


Vouchers