Gold Roars Higher as Pandemic Fears Emerge

From scandinavianmarkets.com

Gold bulls were on the stampede in early Monday trading, with prices reaching levels not seen since February of 2013. Rising cases of the coronavirus outside China led to surging demand for the yellow metal due to its safe-haven appeal. As infections spiked in Italy, Iran and South Korea, fears mounted over the rapid spread of the virus globally. On Monday, South Korea reported 231 news cases, raising the country’s total to 833 cases and seven fatalities. The death toll in Iran reportedly rose to at least 12 and on Sunday, Pakistan and Turkey temporarily closed their borders to the country. Meanwhile, the number of ... (full story)