Oh what a lovely bug: bullion moves towards $1,800 threshold

08.07.2020

Gold bounced back on Tuesday within a striking distance of the key $1,800 level as a surge in COVID-19 cases boosted hopes for further accommodative monetary policy measures and demand for the safe-haven metal.

Spot gold jumped 0.6% to $1,794.14 per ounce by 11:20 a.m. EDT (1520 GMT). U.S. gold futures...