Coronavirus sends gold towards seven-year peak
Silver gained 1.1%, platinum rose 2.1% and palladium hit an all-time high after soaring 5.2%
19 February 2020 - 15:03
Bengaluru — Gold climbed towards a seven-year peak on Wednesday as concerns over the global economic effect of the coronavirus epidemic boosted safe-haven interest, while palladium resumed its record rally driven by concerns over a supply shortfall.
Spot gold rose 0.5% to $1,609.63 an ounce by 10.57am GMT. The metal jumped to $1,610.72 earlier, its highest since January 8, when gold hit its highest in nearly seven years. US gold futures rose 0.6% to $1,612.90...
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