Gold Rockets Toward $1,700 as Virus Concerns Ratchet Higher

(Bloomberg) -- Spot bullion as much as +2.2% to $1,679.70 an ounce, the highest price since Feb. 2013, amid growing concern that the coronavirus will harm global growth.

• Last week, gold +3.8% as investors sought a haven from escalating virus fears
• READ: Funds In Record Gold Bet as Investors Buy ‘With Three Hands’
• READ: Hong Kong’S Warning; Italy Cancels Carnival: Virus Update
• READ: U.S. Stock Futures Slide as Virus Concern Grows: Markets Wrap
• Bullion trades +1.4% at $1,665.94/oz at 7:25am in Singapore

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