9/1/2020, 12:02 PM (Source: TeleTrader)
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Gold jumps over 1% as virus uncertainty resurges

Prices of spot gold increased on Tuesday as the coronavirus pandemic continued to cause uncertainty which led to investors turning to safe-haven assets amid the crisis.

While the Eurozone faced deflation for the first time since 2016, economic data from the United States is set to be released later today. Meanwhile, Russia has become the fourth country in the world that has registered over 1 million cases since the beginning of the pandemic, joining the US, Brazil and India.

The price of spot gold rose 1.03% to sell for $1,987.81 per ounce at 5:58 am ET, while in euros, the price advanced 0.66% to go for €1,659.20 per ounce. Silver is also recording a great session, with the price per ounce concurrently surging 2.41% to $28.82. Two minutes later, platinum jumped 1.92% to go for $950.03 per ounce and palladium grew 1.33% to $2,278.97 per ounce.

Breaking the News / ND