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"Yellow metal" prices are rising and the new Corona wave threatens to slow the economic recovery


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"Yellow metal" prices are rising and the new Corona wave threatens to slow the economic recovery

 
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 2020-10-27 08:55
 

 

Shafaq News / Gold prices rose today, Tuesday, at a time when a new wave of Coronavirus infections threatened to slow down the global economic recovery from the Covid-19 pandemic, to increase the temptation of the yellow metal as a safe haven.

 

And gold in the spot market rose 0.2 percent to 1,906.83 dollars an ounce.

In US futures trading, it rose 0.2 percent to $ 1,909.50.

A large number of countries, including the United States, Russia and France, announced record numbers of COVID-19 cases, forcing some to impose new restrictions that threaten to derail the global economic recovery.

The dollar index fell 0.1 percent against its rivals under strong economic data from China and South Korea, making gold cheaper for holders of other currencies.

As for other precious metals, palladium rose 1.3 percent to $ 2,381.86 an ounce, while platinum rose 1 percent to $ 878.54.

Silver rose 0.6 percent to $ 24.47 an ounce.

https://shafaq.com/ar/اقتصـاد/سعار-المعدن-ال-صفر-ترتفع-وموجة-كورونا-الجديدة-تهدد-ب-بطا-التعافي-الاقتصادي

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