A one-kilogram gold bar sits at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020.
Gold prices gained on Monday as rising coronavirus cases boosted the metal's safe-haven appeal, supported by a weaker dollar as investors await this week's U.S. Federal Reserve meeting, while auto-catalyst palladium was little changed after scaling historic highs last week.
U.S. gold futures rose 0.2% to $$1,781.90 per ounce.
So that is boiling demand for safety, resulting in higher gold prices," said Margaret Yang, a strategist at DailyFX, adding that an easing dollar is further supporting prices.
In other metals, palladium was up 0.1% at $2,858.76 per ounce, after scaling a record peak of $2,925.14 on Friday.
Margaret Yang, Yang, Jerome Powell's, Robin Bhar
Gold Investments, Federal Reserve, U.S . Commodity Futures Trading Commission, U.S
London, U.S, India, Japan, Tokyo, Osaka