Gold hits high of more than a month

Gold prices climbed 1 per cent overnight to hit the highest level in more than a month, as investors took refuge in the safe-haven metal after an uptick in coronavirus cases dampened hopes for a quick economic recovery. Spot gold was up 0.7 per cent to $US1,755.58 per...

Gold rises as virus spurs lockdown fears

Gold gained on Friday as a rise in coronavirus cases raised concerns of a second wave of the pandemic that could compel governments to implement new lockdowns. Spot gold was up 1.1 per cent to $US1,740.79 per ounce by 1803 GMT, while US gold futures settled 1.3 per...

Gold slips as China manages virus outbreak

Gold eased overnight after data showed fewer jobless claims in the United States and reports Beijing was bringing its latest coronavirus outbreak under control, but mounting infections globally limited losses for the safe-haven metal. Spot gold fell nearly 0.1 per...

Shandong Gold to buy ASX-listed Cardinal

Shandong Gold Mining Co, one of China’s biggest gold producers, says it will buy Ghana-focused miner Cardinal Resources Ltd for about $A321 million in cash. The deal continues a recent M&A flurry by Chinese gold firms after spot prices for the precious metal...

Gold holds on virus concerns, Fed outlook

Gold prices were little changed overnight, buoyed by concerns over a second coronavirus wave and expectations that the US Federal Reserve would maintain low interest rates in the near term, while a firm dollar put a lid on gains. Spot gold was little changed at...