Gold prices rise on Europe coronavirus worries, strong dollar caps gains


By Asha Sistla (Reuters) - Gold prices rose on Thursday as surging COVID-19 cases across Europe fuelled economic growth concerns, although a strong U.S. dollar checked gains in bullion. Spot gold was up 0.1% at $1,736.31 per ounce by 0346 GMT.

U.S. gold futures were also up 0.2% at $1,735.90 per ounce. "At these levels, gold might be catching a bit of safe-haven buying now, which is a change from what we were looking at just a few days ago," said Michael McCarthy, chief market strategist at CMC Markets. "One.....

This article is no longer available in our repository.

There could be multiple reasons for this.