Gold jumps past $1,700 level for first time in seven years on virus fears

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Gold jumps past $1,700 level for first time in seven years on virus fears
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Gold prices jumped past the $1,700 per ounce level for the first time since late...

- Gold prices jumped past the $1,700 per ounce level for the first time since late 2012 on Monday, as a widening coronavirus outbreak and a plunge in crude oil hammered equities and sent investors scurrying for safe havens.

* The price of futures contracts for the S&P 500 index, a Wall Street benchmark, fell more than 4% on Sunday as off-hours trading for U.S. equity markets resumed.jumped to a more than three-year high against the dollar, while U.S. benchmark 10-year Treasury yields fell to a record low. * Mainland China had 40 new confirmed cases of infections on Sunday, the National Health Commission said, taking the country’s total number of confirmed cases to 80,735.

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