Gold prices jumped about 1% to more than a one-week high on Thursday, emboldened by hopes of more stimulus from the US Federal Reserve as a coronavirus-led lockdown takes a toll on the world’s largest economy and labor market.
Spot gold was up 1.1% to $1,731.49 per ounce at 11:38 a.m. EDT (1538 GMT). Earlier in the session, prices touched $1,738.58, the highest level since April 14.
US gold futures gained 1.1% to $1,758.20.
KEFI Minerals plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.