Gold rises as dollar weakens, recovery fears rising demand

Gold rises as dollar weakens, recovery fears rising demand

The price of gold rose on Thursday, holding firmly above the key level of $ 1,900 an ounce, as the weakness of the US dollar and concerns about the global economic recovery following rising COVID cases 19 boosted demand for the safe haven metal.

FUNDAMENTALS

Spot gold rose 0.7% to $ 1,930.78 an ounce at 12:34 a.m. GMT. US gold futures fell 0.5% to $ 1,940.

The dollar index fell 0.2% against…

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