Gold Prices Climb as Second Coronavirus Wave Comes

TEHRAN ( Iran News ) – Gold prices climbed to its highest level in nearly eight years on Wednesday, as demand for the safe-haven asset was boosted by worries over a surge in coronavirus infections and hopes of more stimulus measures to combat the economic blow. Spot gold was up 0.2 percent at $1,769.76 per ounce as of 0234 GMT after touching $1,773, its highest level since October 2012 in early Asian trade, Reuters reported. US gold futures rose 0.2 percent to $1,785.80.