Gold price hits 1-month high amid rising global Covid-19 cases

The price of gold jumped

The price of gold jumped to its highest in more than a month on Monday as a surge in coronavirus cases and concerns over global economic recovery pushed investors to the safe-haven metal, away from riskier assets.

Spot gold was up 0.8 percent to $1,755.74 per ounce by 13:20 GMT, after hitting its highest price point since May 18. US gold futures rose 1.1 percent to $1,771.40 per ounce.

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