Gold prices edged higher on Wednesday, holding firm above the psychological $1,800 level, as worries over surging coronavirus cases and simmering U.S.-China tensions boosted demand for the safe-haven metal.
Spot gold was up 0.1% at $1,808.61 per ounce by 0240 GMT. U.S. gold futures eased 0.1% to $1,811.40.
“Demand appears firm for gold on any dips to the $1,800 regions for now with investors hedging Covid-19 risks, most especially after the renewed lockdown in California,” said Jeffrey Halley, a senior market analyst at OANDA…
