Return of the monster bug drives bulls back to bullion


Gold rose on Thursday as a surge in the number of new coronavirus cases in China dashed hopes the epidemic was slowing and drove investors to safe-haven assets. Spot gold was up 0.6% to $1,574.66 per ounce at 0806 GMT. U.S. gold futures gained 0.4% to $1,577.90.

“The unfortunate increase in...