Gold Down On Growing Fears as Covid-19 Cases Spike ….LIVE NEWS UPDATE BY ROYAL TRADERS


Gold was down in Asia on Monday morning, giving up some of its earlier gains, amid increasing investor fears of a second wave of COVID-19 cases over the weekend.

Beijing reported a surge of 57 new cases on June 13 after weeks of single-digit numbers, after an outbreak in Xinfadi market.

Tokyo also reported its highest number of cases since May, with 27 of the 47 reported cases traced back to recently re-opened nightclubs and bars.

Record numbers of cases and hospitalizations were also seen in some recently re-opened U.S. states, including Florida and Texas.

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