Gold futures climbed on Monday to score their first gain in three sessions, moving back toward the nearly nine-year high they reached on Wednesday.
Investors eyed the rising number of cases in the U.S., which lifted expectations for further central bank stimulus measures to offset the effects of the pandemic's hit to the economy.
August gold rose $12.20, or 0.7%, to settle at $1,814.10 an ounce. Prices on Wednesday settled at $1,820.60, the highest for a most-active contract since Sept. 14,...
Spot gold was steady in Asian trading as investors weigh virus developments in the U.S amid expectations Asian equities will open higher on Monday.
Asia stocks are set for a higher open on Monday as investors look to the start of earnings season for clues on how companies are faring in the pandemic.
Spot gold +0.1% to $1,801.02 at 7:40 a.m. in Singapore. Spot silver gained for second day. Bloomberg Dollar Spot Index
Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices.
Brent crude LCOc1 fell 27 cents to $42.97 a barrel by 0114 GMT while U.S. West Texas Intermediate crude CLc1 was at $40.27 a barrel, down 28 cents.
Oil was little changed last week as a resurgence of coronavirus cases prompted several U.S. states to impose tighter travel restrictions that could dampen...
Stocks in Asia traded higher on Monday morning as investors shrug off concerns over the rising number of coronavirus cases stateside.
The Nikkei 225 in Japan rose 1.34% in early trade as shares of conglomerate Softbank Group and robot maker Fanuc jumped more than 2% each. The Topix index also advanced 1.44%. South Korea™s Kospi gained 0.6%.
Meanwhile, Australia™s S&P/ASX 200 added 1.44% as shares of major banks such as Commonwealth Bank of Australia and Westpac surged more than 2%...
Spot gold climbed as investors weighed virus developments in the U.S and the advance in equities on Monday.
U.S. virus cases rose to 3.27 million with almost 56,000 new infections, less than the one-week average daily increase. Even so, Florida broke the daily record for all U.S. states with more than 15,000 new cases and South Carolina has a record positive rate. New York City reported its first day with zero confirmed or probable virus deaths on Sunday. Outside of the...