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Adding to uncertainty is the World Health Organization’s acknowledgment of emerging evidence of the virus being airborne, which means it can spread more easily. Overall, there are little signs that the outbreak will be controlled soon and this may keep investors interested in gold. … [Read more...] about Gold may hit $1,848 as spike in COVID-19 cases raises recovery concerns

Comex gold was trading marginally higher near $1,805/oz after a 0.9% decline on July 9. Gold fell amid some profit-taking after rallying to 2011 highs. It struggled to break past the $1,830 level while a rebound in the US dollar index pressurised prices. The US dollar index edged up on Julu 9 on upbeat US economic data and safe-haven buying amid rising virus cases globally. US weekly jobless claims rose by less than market expectations highlighting recovery in labour market. … [Read more...] about Gold prices likely to remain choppy amid geopolitical risks: Kotak Securities