Gold jumps 6% amid Corona’s concerns

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Gold rose to a peak in a week yesterday, Monday, after higher demand for the metal, which is a safe haven, due to fears of the worsening economic impact caused by the pandemic Corona virus.And gold rose in immediate transactions 0.6% to 1626.08 dollars an ounce, after rising by up to 0.8% in the previous session. US gold futures rose 0.6% to $ 1655.10.

The yellow metal jumped to a peak of more than a week despite the rise in the dollar and gains in Asian stocks.

As for other precious metals, palladium used in car exhaust systems fell 0.3% to $ 2181.25 an ounce, after recording a drop of more than 1% in early trading.

And platinum increased 1.6% to 731.78 dollars, while silver rose 0.9% to 14.52 dollars an ounce.

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