Phil Carr
The Gold & Silver Club
Gold jumped 1% on Monday to a three-week high as growing concerns that the coronavirus outbreak could impact the global economy pushed investors towards safe havens.
The death toll from the coronavirus outbreak has risen to 81 in China, with 2,744 confirmed cases, and the virus has spread to more than 10 countries, including the U.S. and France.
Investors will now be watching the U.S. Federal Reserve's first policy meeting of this year on Jan. 28-29, where it is widely expected to keep rates unchanged.
Elsewhere, silver rose 0.9% to $18.25 per ounce, having earlier touched its highest since Jan. 8.
Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Gold, Silver and Crude Oil with the latest price forecast and predictions.
Trading has large potential rewards, but also large potential risk and may not be suitable for all investors. The value of your investments and income may go down as well as up. You should not speculate with capital that you cannot afford to lose. Ensure you fully understand the risks and seek independent advice if necessary.
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