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Gold Edges Higher as Traders Weigh Record Covid-19 Infections

Gold And Silver Inside Aranypiac Kft As Precious Metals Resume Gains Amid Brexit Turmoil

Photographer: Akos Stiller/Bloomberg

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Gold edged higher as investors assessed the resilience of the global economic recovery with Covid-19 cases hitting a pandemic record.

More than 1.44 million infections worldwide on Monday smashed the previous high. While the highly-transmissible omicron is spreading rapidly around the world, studies suggest the new strain isn’t as virulent as previous variants.