Commodity News
HeadLine : Gold holds steady above $1,800/oz on virus fears, U.S.-China tensions
Date : Jul 16 2020
Gold held steady above the psychological level of $1,800/ounce on Thursday, as concerns about rising coronavirus cases and lingering Sino-U.S. tensions countered optimism over promising early data for a potential COVID-19 vaccine. Spot gold was little changed at $1,810.33 per ounce. U.S. gold futures were mostly unchanged at $1,814.20. More than 13.5 million people have been reported to be infected by the novel coronavirus globally and 580,836? have died, according to a Reuters tally. U.S. President Donald Trump on Tuesday ordered an end to Hong Kong's special status under U.S. law to punish China for what he called "oppressive actions" against the former British colony, prompting Beijing to warn of retaliatory sanctions. 

Source : Reuters
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