Gold futures rose nearly 2% on Monday to mark their highest finish since February 2013. Concerns surrounding COVID-19 and expectations for further monetary easing among global central banks in response to the virus's economic impact continued to provide support for haven gold, analysts said.
April gold rose $27.80, or 1.7%, to settle at $1,676.60 an ounce.
Source : MarketWatch
Oil prices tumbled more than 2% on Monday as investors worried about a hit to demand from the coronavirus outbreak, which is spreading rapidly outside China.
Brent crude fell by $1.50 or 2.5% to $57.00 a barrel by 2332 GMT. U.S. crude futures fell by $1.26 or 2.3% to $52.12.
Concerns about the coronavirus grew on Sunday after sharp rises in infections in South Korea, Italy and Iran.
South Korea's government put the country on high alert after the number of infections surged to over 600 with...
Gold has enormous upward momentum at the moment, and that left participants in the weekly Kitco gold survey overwhelmingly expecting prices to keep rising this week due to the combination of chart-based momentum and ongoing worries about the coronavirus outbreak.
The metal soared to a seven-year high on last Friday, fueled by the continued spread of the virus around the world and prompting worries this will dent economic growth. Some observers also cited expectations for continuing soft...
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 0304 GMT, after climbing to $1,678.58 earlier in the session. U.S. gold futures rose 1% to 1,664.60.
Global equities extended losses as concerns about the spread of the virus beyond China grew with sharp...
Oil futures settled lower on Monday, with U.S. prices losing almost 4% as the market continued to fret over the impact of coronavirus on energy demand.
"It could be a bloodbath for oil in the short-term as the risks of a global pandemic will cripple travel and trade," said Edward Moya, senior market analyst at Oanda, in a market update. He said U.S. benchmark crude futures may trade in the mid-$40s by the end of the week "if the number of cases continue to spread across Europe and the Middle...