Gold Down, But Holds Above $1,700 Mark Over Fears of Second COVID-19 Wave By Call Or WhatsApp-9719098555/8057445599

Gold was down but not out on Monday morning in Asia, keeping above the $1,700 mark.

Gold futures were down by 0.26% at $1,709.60 by 11:58 PM ET (4:58 AM GMT), with Asian stocks reporting gains. The yellow metal and stocks usually move in opposite directions.

But with reports of a potential second wave in China and Japan, investors could turn to gold as a safe haven.

China reported 17 new cases on May 10, and put the northeastern city of Shulan, in Jilin province, under lockdown

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