Gold Edges Up Modestly In Asia

Published on Oct 27, 2020 12:04

COMEX Gold futures lingered around $1900 per ounce mark yesterday amid broad worries on US fiscal stimulus and Covid-19 resurgence. The metal currently trades at $1911 per ounce, up 0.30% on the day. The spurt of the coronavirus in Europe has continued in recent days. France reported a record daily rise in new infections on Sunday, Italy ordered bars to close early and shut public gyms and Spain issued a nationwide curfew to stem a worsening outbreak. The US also reported a record number of daily COVID-19 infections on Friday with more than 83,000, surpassing its mid-July peaks.