Gold Consolidates as Coronavirus Fears Endure

From scandex.com

Gold prices inched higher in early trading on Thursday, as an increase in coronavirus cases threatened to derail economic recovery from the pandemic. A more dovish than expected June FOMC meeting has also bouyed the yellow metal. In Beijing, a surge virus cases has taken place, with 31 new cases reported on Wednesday, bringing the total to 137 over the past week. Flights have been canceled, schools closed and 29 neighborhoods locked down. Data from Johns Hopkins University indicates that coronavirus COVID-19 global cases have risen to 8,359,869 with 449,229 fatalities. Tedros Adhanom Ghebreyesus, the head of the ... (full story)