Gold hits eight-week high as tighter virus lockdowns loom
Gold prices started the new year on a high by notching an eight-week peak on Monday, as spiking COVID-19 cases and prospects of tougher restrictions boosted the safe-haven metal`s appeal.
Spot gold rose 1.4% to $1,923.70 per ounce by 0750 GMT, having hit its highest since Nov. 9 at $1,925.29, while U.S. gold futures climbed 1.8% to $1,928.50. Source: Reuters