Gold futures notched a back-to-back gain on Wednesday to mark their highest settlement in about two months. “A growing sense of unease over the surging COVID-19 cases in Asia has hit risk sentiment and left investors on edge,” said Lukman Otunuga, senior research analyst at FXTM. “With concerns likely to rise over how this may impact the world’s economic rebound from COVID-19, gold has the potential to push higher as risk-off makes a return.” June gold rose $14.70, or 0.8%, to settle at $1,793.10 an ounce. Prices based on the most-active contract finished at their highest since Feb. 24, FactSet data show.
