Gold prices rose again Wednesday, settling above $1,830, as the yellow metal continued to recover from the beatings of November when breakthroughs in Covid-19 vaccines diverted money from the haven into risk assets rallying on the notion that the world will soon be free from the pandemic.
Gold for February delivery on New York’s Comex settled Wednesday’s trade up $11.30, or 0.6%, at $1,830.20 an ounce. The benchmark gold futures contract had gained almost $50, or nearly 3%, since Monday when it finished trading for November down almost 6%.
The spot price for gold, which reflects real-time trades in bullion, was up $14.74, or 0.8%, at $1,830.04 by 4:00 p.m. (ET).
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