Gold hits record high of $1,930 per ounce on haven demand

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HONG KONG, July 27, 2020 (BSS/AFP) – Gold prices rocketed to a record high on Monday with spooked investors rushed into the safe-haven as the coronavirus spreads across the globe, while the weaker dollar also provided strong support.

The metal surged more than one percent to $1,930.48 per ounce in Asian trade, with analysts predicting it could soon break $2,000.