Gold Heading For Biggest Monthly Gain Since January 2012 On Safety Rush
Gold rose on Friday and headed for its biggest monthly gain in 8-1 / 2 years as the impact of the worsening coronavirus pandemic on the US economy hammered the dollar, prompting investors to take refuge in bullion.
Spot gold rose 0.8% to $ 1,975.30 an ounce at 9:27 a.m. GMT, while US gold futures rose 1.5% to 1,970.70 $.
Prices hit a record high of $ 1,980.57 on Tuesday and are up nearly 11% so…
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