Gold Gains as Dollar Slips, New Virus Cases Mount

Gold prices rose on Monday as the US dollar weakened and fears of a second wave of the coronavirus in Beijing prompted investors to seek the safe-haven metal.

Fundamentals: Spot gold was up 0.2% at $1,733.45 per ounce, as of 0038 GMT. US gold futures rose 0.2% to $1,740.90 per ounce. Last week, gold posted its biggest weekly percentage gain since April. The dollar index fell 0.2% against its rival, making gold less expensive for holders of other currencies…

View entirety: Economic Times