Gold futures on Monday headed higher as the dollar softened and as evidence of a rapid spread in coronavirus cases supported bullion buying to start the week.
“Lingering risks across the global risk markets and sliding sovereign yields continue pushing capital into gold,” wrote Ipek Ozkardeskaya, senior analyst at Swissquote Bank, in a Monday research note.
The death toll from the coronavirus pandemic surpassed 500,00 and infections topped 10 million over the weekend, according to data compiled by Johns Hopkins University researchers.
