Gold jumps as virus spurs flight for safety
Fewer people are holding shares, selling down, and that money has to fall into havens, analyst says
24 February 2020 - 07:44
Gold prices climbed more than 2% on Monday to their highest since February 2013, as a spike in coronavirus cases in several countries outside China heightened worries about a hit to global economic growth, prompting a flight to safe havens.
Spot gold was up 1.1% at $1,661.86 per ounce by 5.04am, after climbing to $1,678.58 earlier in the session...
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