Despite Corona’s injuries, gold is stable near an 8-year high

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Sharjah 24 – Reuters:Gold prices stabilized near the highest level in eight years on Tuesday as investors assess the rise of cases of Covid-19 worldwide in exchange for a survey showing the recovery of services sector activities in the United States, and expectations of the recovery of the Chinese economy.

Gold settled in the spot transactions almost unchanged at $ 1783.56 an ounce by 0652 GMT, only $ 5.40 near the highest level in 8 years, which reached last week, and gold rose in US futures contracts 0.1% to $ 1794.40.

For other precious metals, palladium fell 1.2% to $ 1915.88 an ounce, while platinum gained 0.7% to $ 818.84.

Silver fell 0.3% to $ 18.16.





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