Gold price steadies near highest since November 2011 as virus cases mount
Gold steadied near a more than eight-year high on Wednesday, as worries over surging COVID-19 cases and hopes of more stimulus measures from the U.S. Federal Reserve lifted demand for the safe-haven metal.
Spot gold was little changed at $1,792.79 per ounce by 0241 GMT, after hitting its highest since November 2011 at $1,796.93 on Tuesday, just a few dollars away from the key $1,800 level. Photo: PTI