Gold prices shoot up after Donald Trump tests positive for COVID-19

India, October 2: Gold prices today jumped in global markets after US President Donald Trump announced that he and First Lady Melania Trump have tested positive for Covid-19 with barely one month left until the US presidential election. Spot gold traded 0.4% higher at $1,913.90 an ounce, recovering from earlier loss of 0.8%. Silver prices jumped 0.9% to $23.9992 an ounce, also recovering from a 1.3% loss.

US President Donald Trump mentioned in a tweet on Thursday (1 October) that he and First Lady Melania Trump have been tested positive for COVID-19. They have been quarantined after a top aide tested positive for coronavirus, in shock development that disrupts his scheduled public appearances in the crucial final weeks of the election campaign.

Trump’s positive test comes out just hours after the White House announced that senior aide Hope Hicks came down with the virus after travelling with the president several times this week.

Trump is at 74 now, this increases the chances of complications. “Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!Donald Trump tweeted.

Soon after the US President Donald Trump tweeted that both id they have tested positive for coronavirus, Prime Minister Narendra Modi this morning wisher the US President Donald Trump and First Lady Melania Trump for a quick recovery and good health.

Prime Minister Narendra Modi tweeted “Wishing my friend @POTUS @realDonaldTrump and @FLOTUS a quick recovery and good health.”.

With over 72 lakh cases, the United States has logged the highest number of COVID-19 infections in the world. Over 2 lakh deaths due to COVID-19 have been recorded so far.