Updated .. gold rises $ 12 upon settlement


direct: Gold prices rose by more than $ 12 when settling transactions Monday, with growing US-Chinese tensions over the source of the deadly virus.

The performance of the precious metal comes as risk appetite and stock losses wane after US President Donald Trump threatened to impose tariffs on China, as he looked at ways to retaliate against the spread of the deadly virus outside Beijing.

The United States also accused China of being the cause of the spread of “Corona” with reference to an investigation into whether it was caused by “an accident in a laboratory in Wuhan,” although he did not provide any evidence for this allegation.

Meanwhile, the number of virus victims has reached more than 3.5 million, worldwide, including more than 1.158 million cases in the United States alone, according to the map of Johns Hopkins University.

Today’s economic data revealed Factory orders declined in the United States By more than 10 percent last March.

Upon settlement, the price of gold metal futures for June delivery rose by 0.7 percent, or $ 12.40, to $ 1713.30 an ounce.

By 5:55 pm GMT, the spot price of yellow metal rose by 0.4 percent to $ 1707.67 an ounce.

During the same time, the dollar index, which measures the green currency’s performance against 6 major currencies, increased by 0.5 percent at the level of 99.564.


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