Gold continued to scale higher

Gold continued scaling higher through the first half of the European session and shot to near three-week tops, around the $1,809 region in the last hour. The XAU/USD built on its recent strong rebound from the $1,750 area, or the lowest level since mid-April and gained positive traction for the fifth consecutive session on Tuesday.

Concerns about the spread of the highly contagious Delta variant of the coronavirus continued weighing on investors’ sentiment and acted as a tailwind for traditional safe-haven assets, including gold.

KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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