Gold steadies near multi-year peak

Gold prices were little changed overnight, but held close to a near eight-year peak scaled last week, as the accelerating spread of the coronavirus threatened to derail hopes of an economic recovery. Spot gold eased 0.1 per cent to $US1,769.52 per ounce by 1742 GMT,...

Gold rebounds as virus rates knock stocks

Gold erased earlier losses on Friday as the coronavirus spread globally with a record jump in COVID-19 infections in the United States marring risk appetite and setting the metal on track for its third straight weekly rise. Spot gold rose 0.3 per cent to $US1,767.28...

Gold steadies as infections fuel worries

Gold prices drifted sideways overnight as a surge in coronavirus cases and mounting economic tolls kept investors on edge, though the metal stepped back from last session’s more than 7-1/2-year high. Spot gold was little changed at $US1,762.11 per ounce as of...

Gold pulls back from record high

Gold weakened after hitting more than a seven and a half year high earlier overnight, with investors selling the precious metal along with other asset classes as a global rise in coronavirus cases led a flight to cash. Spot gold was little changed at $US1,766.21 per...

Gold at highest mark since October 2012

Gold prices surged to their highest mark since October 2012 on Tuesday, driven by weakness in the US dollar and widespread monetary stimulus packages by central banks as a jump in coronavirus cases dented the economic outlook. Spot gold climbed 0.7 per cent to...