Gold Prices Stay Largely Unchanged to Start the Week
APMEX
6/29/2020 8:52:16 AM
Gold prices steadied on Monday, staying near an eight-year point reached last week and heading for the yellow metal’s most substantial quarterly gains in over four years, as rising numbers in global COVID-19 cases alarmed investors. The spot price of gold was nearly stagnant at $1,778 an ounce early Monday morning.
The persistent spread of COVID-19 cases curtailed optimism for a speedy recovery of the global economy, sending world shares to a two-week low. News headlines to begin the week emphasize the pandemic’s worldwide death toll has passed 500,000, and the total number of reported cases has exceeded 10 million.
APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies
