Gold Up, Shining Over Prospect of More COVID-19 Restrictive Measures WITH REALCOMMODITY.COM: 8077694749, 8923148858
Gold was up on Monday morning in Asia, with a surge in global COVID-19 cases and the prospect of more countries imposing tighter restrictions giving the safe-haven asset a boost.
Gold futures jumped and seeing their highest level in eight weeks. The dollar, which usually moves inversely to gold, was down on Monday morning.
The holiday season saw a largely muted demand for physical gold across top Asian hubs during the previous week.
The COVID-19 pandemic continues to rage on, with over 85 million COVID-19 cases as of them in the U.S., according to Johns Hopkins University data.