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Gold climbs as U.S. riots spark safe-haven rush

Jun 01, 2020 - Nasdaq

B y Harshith Aranya June 1 (Reuters) - Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained Sino-U.S. relations and boosted demand for the safe-haven metal, with a weaker dollar lending further support. Spot gold XAU= gained 0.8% to $1,739.75 per ounce by 0242 GMT. U.S. gold futures GCv1 ticked up 0.1% to $1,752.60. "Concerns about the unrest in the United States at the moment appear to be weighing on market sentiment," said Michael McCarthy...