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Gold prices climb toward 5-week high as doubts grow about coronavirus vaccine
Wednesday, 20 May 2020 19:19 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices headed higher Wednesday for a second session as investors remain mostly bullish about the prospects for the commodity against the backdrop of economies attempting to reopen from the COVID-19 pandemic.

Gold for June delivery on Comex headed $9.20, or 0.5%, higher at $1,754.50, after closing 0.7% higher on Tuesday. Prices are nearing a level that would mark the metal™s highest close since mid April, according to FactSet data.

Meanwhile, July silver rose 7 cents, or 0.4%, to trade at $17.975 an ounce, following a 2.5% gain for gold™s sister metal on Tuesday.

Source: Marketwatch

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