gold Price rose on Monday as investors rushed to safe haven assets due to concerns about the economic damage from the blow dealt by the outbreak of coronavirus, and measures to contain the spread of infection.
the Price of gold rose 0.3% to 1 622,4 USD per Troy ounce.
"Associated with COVID-19 volatility returned to the markets. A little gold won amid purchases of safe assets after the reduction of stock markets in Europe," said Peter Fertig, analyst with Quantitative Commodity Research.
"In the short term the gold price will be supported by buying safe assets, but if the stock markets will fall even deeper, selling gold to meet margin requirements may be resumed".
the Price of palladium fell 1.8% to 2 229,23 per ounce and platinum 2.23% to 724,8 dollar, and silver - by 3.03% to 14.02 dollars.
