Gold, sees good gains as risk aversion returns

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( Kitco News ) – Gold futures prices are solidly up in midday U.S. trading Thursday. Safe-haven demand is featured late this week as the early-week stock market rallies are now becoming suspect amid the spike in Covid-19 cases in the U.S. and Europe. The precious metals are also seeing some support from a weaker U.S. dollar index on this day. December gold futures were last up $19.60 at $1,881.30 and December Comex silver was last up $0.173 at $24.44 an ounce.

Global stock markets were mixed overnight, while U.S. stock indexes are mixed to lower at midday. The U.S. has seen over 240,000 deaths and more than 10.3 million confirmed Covid-19 infections, with new cases soaring to […]

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