Gold gains as rising virus cases, pullback in US yields lift demand

Gold prices rose on Monday as a retreat in U.S.

“The pandemic situation in Japan and India remains a key concern among market participants, so that’s driving up the demand for safe-haven assets, including gold,” said Margaret Yang, a strategist at DailyFX, adding that retreating U.S.

On the technical front, “gold has resistance at $1,790 an ounce, followed by a double top and the 100-day moving average in the $1,800 an ounce area.

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