Gold Supported, Global Covid-19 Cases See Daily Spike Of More Than 500000

Gold Supported, Global Covid-19 Cases See Daily Spike Of More Than 500000

Oct 30, 2020 04:10 IST capital market

COMEX Gold futures stayed supported today amid soaring worries over the Covid-19 spread. The metal had tanked to one month low of $1869 per ounce and currently trades at $1875 per ounce, up 0.40% on the day. MCX Gold futures trades at Rs 50530 per 10 grams, up 0.49% on the day. Fresh lockdown measures have been issued in Europe which is yet again turning into the global epicentre of the pandemic. Global daily COVID-19 cases have risen by nearly 25% in less than two weeks. Global coronavirus cases rose by more than 500000 for the first time on Wednesday, a record one-day increase as countries across.

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