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Capital Drilling Plc

Gold hits high of more than a month

Gold prices climbed 1 per cent overnight to hit the highest level in more than a month, as investors took refuge in the safe-haven metal after an uptick in coronavirus cases dampened hopes for a quick economic recovery.

Spot gold was up 0.7 per cent to $US1,755.58 per ounce at 1841 GMT. The session high was 1,762.84, the highest since May 18.

Prices were $US8.97 shy of a 7-1/2 year high of $US1,764.55, hit last month.

US gold futures settled 0.8 per cent higher at $US1,766.40.

Capital Limited (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.