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Gold futures were down by 0.29% to $1,807.15 by 12:47 AM ET (5:47 AM GMT). Investors turned to the safe-haven asset as their confidence in economic recovery decreased.
There was a record increase in global COVID-19 cases on July 12, with a total of 230,370 new cases in 24 hours according to the World Health Organization (WHO).
There are over 12.9 million cases globally as of July 13, according to Johns Hopkins University. Florida also set a single-day U.S. record, reporting over 15,000 new cases.