Gold edges higher as traders weigh record COVID-19 infections

Bloomberg

Gold edged higher as investors assessed the resilience of the global economic recovery, with COVID-19 cases hitting a pandemic record.

More than 1.44 million infections worldwide on Monday smashed the previous high after factoring out a statistical blip in Turkey last year. While the highly-transmissible omicron is spreading rapidly around the world, studies suggest that illness caused by the new strain isn't as severe as in previous waves.

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