Gold prices rose to their highest level in more than two weeks on Monday, with shares declining due to growing fears of a possible spread of the new Corona virus on the Chinese economy, prompting investors to get rid of high-risk assets and seek safe havens.
And gold rose in immediate transactions 0.6% to 1579.42 dollars an ounce (ounce) by 0633 GMT. Earlier in the session, the price of gold reached its highest level since January 8, registering 1586.42 dollars.
US gold futures rose 0.5% to $ 1579.50.
Asian stocks fell after the number of deaths from infection with the new Corona virus rose to 81, while the number of infection cases exceeded 2,700 in China, and residents of Hubei Province, where the disease first appeared, were prevented from entering Hong Kong as part of global efforts to stop the spread of the disease . The yen gained on concerns about the difficulties Chinese authorities face in containing the outbreak.
Investors are now awaiting the first meeting of the Federal Reserve Board (the US central bank) on policies in the new year scheduled for January 28 and 29, when interest rates are expected to remain unchanged.
As for other precious metals, silver rose 0.4% to $ 18.16 and earlier touched its highest level since January 8 and recorded $ 18.32.
Palladium fell 1.7% to $ 2387.19 an ounce, as platinum fell 0.5% to $ 996.15.
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