Gold Price Rises to a Near Six-Year High

Gold Price Rises to a Near Six-Year High


1/27/2020 12:07:50 PM

On Monday, Gold prices headed to a more than six-year high, as fears of the economic impact of a fast-moving viral outbreak hurt appetite for stocks and fueled the increase of haven assets. The coronavirus, which originated in Wuhan City, China, has infected nearly 3,000 people and killed at least 80, prompting Beijing to extend the annual Lunar New Year holiday by two days to February 2 to contain the spread. In the U.S., the number of domestic cases hit five, according to the Center for Disease Control and Prevention. Gains for bullion are putting the yellow Precious Metal on track to top its highest peak since 2013, according to FactSet data.

APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies

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