Gold closed positively on Monday, with the precious metal gaining ground for a second consecutive session, climbing to a three-week high.
Concerns about the micron mutation have been fueled by the precious metal, with the United Kingdom announcing today the first death of that executive and the country’s prime minister, Boris Johnson, warning of a tidal wave of contamination in the coming weeks.
Increased skepticism ahead of the Fed meeting also boosts the precious metal. Investors are waiting for the two-day central bank meeting to end on Wednesday to clear the way for how fast the Fed plans to complete its bond-buying program in order to pave the way for raising interest rates from their all-time lows.
In this context, the February delivery of gold earned $ 3.50 or 0.2% and closed at $ 1,788.30 per ounce. This is the highest level since November 22.
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