Gold price hits highest since 2012, eyes $1,800/oz

摘要

London—The gold price tested fresh highs Tuesday after the Easter break as the wider market continued to seek safe havens from the economic fallout from the continued coronavirus pandemic with some now expecting it to hit $1,800/oz. Gold was spot bid around $1,740/oz as of 1500 GMT, an eight-year high, up around $80 from a week earlier. As the world teeters on recession caused by the coronavirus pandemic investors are seeking ways of hedging losses, one of them being buying gold futures.