Price for gold jumps to 1,800.00

Source: Dukascopy Bank SA

Since Tuesday, July 7, gold has been extending gains against the US Dollar. The price for yellow gold has already gained 1.65% and reached the historical level at 1,800.00.  

It is likely that the demand for gold as for the safe-haven asset rallied on increasing risks amid new coronavirus cases across the globe. 

Note that global stocks are losing momentum after a five-day advance. Also, the US 10-year Treasury yield declined to 0.65%.

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