Gold more than worth its weight as Covid boosts prices

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.
Gold more than worth its weight as Covid boosts prices
Mon, 29 Jun, 2020 - 19:10

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)
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.

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CoronavirusPlace: USPlace: AmericaPlace: BrazilPlace: IndiaPerson: Daniel BriesemannPerson: Jerome PowellPerson: US Treasury SecretaryPerson: Steven MnuchinPerson: Chris BeauchampOrganisation: CovidOrganisation: Covid-Organisation: CitigroupOrganisation: US Federal ReserveOrganisation: CommerzbankOrganisation: Federal ReserveOrganisation: House Financial Services CommitteeOrganisation: IGOrganisation: Wall StreetOrganisation: BloombergOrganisation: Reuters
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