Gold prices settle higher Wednesday to notch their first gain in three sessions, supported by some safe-haven buying, amid developments in Europe that suggest a longer lockdown period due to a renewed spread of COVID-19.
The global tally of cases of the coronavirus-borne illness COVID-19 climbed above 124 million on Wednesday, as the European Union introduced emergency legislation that would allow it to control exports of COVID-19 vaccines.
U.S. Secretary of State Antony Blinken reiterated the Biden administration’s hostility to the Nord Stream 2 gas pipeline currently being built between Russia and Germany.