Market and product

Gold broke beyond the $1,800 per ounce target long eyed by bulls in the precious metal as concerns about a second wave of coronavirus infections colluded with stimulus measures aimed at helping economic recovery from the pandemic.

* By 11:55 AM ET (15:55 GMT), U.S. gold futures on Comex were up $18.95, or 1.1%, at $1,800.15, after hitting an intraday high at $1,803.95, a peak since September 2011.

Spot gold was $10.96, or 0.6%, higher at $1,783.58, after a session high at $1,785.97.