Gold more than worth its weight as Covid boosts prices

NEW YORK - SEPTEMBER 29: A sign reading "We Buy Gold & Diamonds" is seen in the Diamond District September 29, 2010 in New York City. For the first time, gold prices leapt above $1300 an ounce yesterday as investors search for stability amidst global economic turmoil. Picture: Mario Tama/Getty Images)

Gold steadied near $1,800 an ounce -- a level last seen at the end of 2011 -- as investors weighed the accelerating coronavirus spread in the US against tentative signs of economic improvement in some regions.