Gold was up on Monday morning in Asia, with investors turning to the safe-haven asset after weak economic data from the U.S. released during the previous week raised concerns about the global economic recovery from COVID-19.
Gold futures inched up 0.10% at $1,936.30 by 2:01 AM P ET (7:01 AM GMT).
The U.S. data showed a further slowdown in employment growth and an uptick in permanent job losses in August, triggering fears over the recovery’s sustainability.
There are almost 27 million COVID-19 cases globally as of September 7, according to Johns Hopkins University data.
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