Gold prices started the new year on a high by notching an eight-week peak on Monday, as spiking Covid-19 cases and prospects of tougher restrictions boosted the safe-haven metal’s appeal.
Spot gold rose 1.1% to $1,919.11 per ounce by 0553 GMT, having hit its highest since November 9 at $1,925.05, while US gold futures climbed 1.6% to $1,925. Doubts about a swift global economic rebound arose after a business survey showed the pace of expansion in China’s industrial sector slowed in December.
KEFI Gold & Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.