Gold Smashes Pandemic Fears, Rises Up

Gold-Smashes-Pandemic-Fears-Rises-up

Early in the Asian markets, gold prices rose on Tuesday after investors looked up to the safe-haven yellow metals amid the lingering concerns of coronavirus and weakening dollar value worldwide.

Interestingly, the greenback lost its momentum and gains after climbing up on early Monday. Reportedly, Gold Futures rose to $1,919.40, up by 0.46 per cent at 4:14 AM GMT.

The second wave of Corona is already forcing several European countries like Denmark, Greece and the UK to re-implement strict measures or lockdown. The British PM Borish Johnson is likely to announce some major steps to counter the pandemic.

It’s noticeable that investors are looking forward to the testify of Jerome Powell, chairman, US Fed ahead of the House Select Subcommittee on Wednesday.

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