Gold strikes another record high, equity markets struggle with mounting virus fears

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The coronavirus uncertainty, combined with China-US tensions, has sent gold soaring nearly 30% this year. REUTERS/Edgar Su/Files LONDON: Gold rates chalked up another record peak on Tuesday before pulling lower as the dollar clawed back earlier losses, while equity markets struggled with mounting coronavirus fears, dealers said. With worrying new spikes in infections in Asia and Europe ? on top of the already-high new US cases ? forcing governments to impose strict COVID-19 containment measures, the global economic outlook remains clouded, putting the brakes on a months-long stocks rally.

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