Gold Climbs to Highest Price in Seven Years, Reflecting Coronavirus Concerns

On the other hand, oil futures contracts closed down with the rise in the number of coronavirus cases in Italy, South Korea and Iran, where new cases have emerged in recent days.

RIO DE JANEIRO, BRAZIL - The fears of the new coronavirus spreading outside China led to gold recording on Monday, February 24th, the highest mark in seven years, nearing the US$1,700 (R$6,800) per troy ounce mark (a measure used in some precious metals trading, equivalent to 31.1 grams . . .

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