Gold futures rose Thursday, extending their gain from a day earlier, even as U.S. benchmark stock indexes traded higher and the dollar strengthened. “Gold prices should remain supported since the coronavirus has not shown any signs of peaking as the death toll and number of infected cases continue to post steady daily increases,” said Edward Moya, senior market analyst at OANDA. April gold GCJ20, +0.47% rose $7.20, or 0.5%, to settle at $1,570 an ounce.
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