Gold futures rose higher Monday, again raising strong gains for the precious metal after snatching a five-session winning streak on Friday as China imposed new sanctions on U.S. officials in apparent retaliation against similar measures against Hong Kong and mainland officials past week. Weighing in the dollar, which tried to increase on Monday perk, and unfair movements in yields of government bonds, failed to offer all the wind for further gains in the price of gold. Negative real returns in most of the developed world, infectious effects, and record low interest rates have boosted investors’ appetite for silver and gold amid the global health crisis. Gold for delivery in December GCZ20,
added $ 11.70, or 0.6%, to $ 2,039.70 an ounce. Gold got off to a strong start when tensions remained high between the US and China. Beijing said Monday it would impose sanctions on 11 U.S. citizens, including Republican Sens. Ted Cruz and Marco Rubio.
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