Daily Archives: 06/01/2020


Gold price edges higher as US civil unrest persists

Gold price climbed to more than a one-week high on Monday as protests continued across major US cities over the weekend, adding another layer of economic uncertainty to the potential impact of the strained US-China relations and further boosting demand for save-haven assets.

Spot gold was up 0.4% to $1,736.45 per ounce by 11:35 a.m. EST. Gold futures for July delivery also saw a slight increase of 0.2% to $1,742.90.

Bullion has gradually creeped back towards its previous seven-year high as rising economic and political uncertainties continue to overshadow optimism of a quick recovery from the covid-19 crisis.