Weaker dollar & coronavirus surge boost gold’s safe-haven appeal

Gold prices rose

Gold prices rose on Monday as the number of coronavirus cases globally continued to grow. Ahead of the Federal Reserve’s meeting, scheduled for his week, bullion was also given a boost, thanks to a weakened US dollar.

Spot gold was up 0.05% to $1,780.28 per ounce by 09:52 GMT, while US gold futures grew 0.12% to $1,779.90 per ounce.

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