Gold price at seven-year high on coronavirus fears

Gold price at seven-year high on coronavirus fears

Image copyright AFP

The price of gold has surged to its highest level in seven years as worries about the coronavirus led investors to seek a safe place for their money.

Gold prices climbed more than 2% on Monday to levels not seen since February 2013.

The price for immediate delivery went as high as $1,678.58 an ounce before falling back slightly.

Meanwhile, stock markets in Europe opened…

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