Gold maintains key support level as investors adopt a wait-and-see attitude
Gold futures dropped slightly lower to trade at $1,808.65, losing about 0.07%.
Gold futures dropped slightly lower to trade at $1,808.65, losing about 0.07%.
The European Central Bank sees monetary stimulus in Europe to be necessary in the short term.
Gold futures were up by 0.15% ending the week above the $1,800 mark
Spot gold was up 0.8%, to trade at $1,811 by 6.20 am Nigerian time.
This is against the backdrop of rising cases of the coronavirus disease.
Gold was up in Asia on Tuesday morning, as investors increasingly turned to the safe-haven asset given the continuous increase of the number of COVID-19 cases globally ...
Gold futures were slightly down 0.02% to trade at $1,779 at 9:03 am Nigerian time.
This was the highest reached by a benchmark Comex contract for gold since September 2011.
The last time gold spot price hit $1,800 was in 2011.
The tendency to rush to gold is because it has become a safe haven given its relative stability.