Gold surges by 1% as it benefits from coronavirus fears
Investors flock to safe havens as the outbreak spreads to more than 10 countries, potentially threatening global economic growth
27 January 2020 - 15:39
Bengaluru — Gold jumped 1% on Monday to a near three-week high as growing concerns that the coronavirus outbreak could impact the global economy pushed investors towards safe havens.
Spot gold was up 0.6% at $1,580.45 an ounce by 12.21pm GMT, having earlier touched its highest since January 8 at $1,586.43...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.