• About
  • Daily Market Update

Landis Refining Industry News

~ Keeping up with all things Dental and Metal

Landis Refining Industry News

Tag Archives: outbreak

Gold back above $1,600/oz as Apple’s virus warning lifts safety demand

18 Tuesday Feb 2020

Posted by landisrefining in scrap gold

≈ Leave a comment

Tags

apple, coronavirus, gold, gold prices, outbreak

Gold surged over 1% on Tuesday to fetch more than $1,600 an ounce as Apple Inc’s surprise warning about the impact of the coronavirus outbreak fueled concerns about global economic weakness, driving investors to lower-risk assets.

Palladium notched an all-time high, driven by short supplies of the auto-catalyst metal.

Spot gold was up 1.3% at $1,601.04 per ounce, its highest since Jan. 8. U.S. gold futures climbed 1.2% to $1,604.70 an ounce.

“The equity markets are under pressure and gold is still being viewed as a quintessential safe-haven asset as we do get some negative news in this case in regards to coronavirus and its effects on the global economy,” said David Meger, director of metals trading at High Ridge Futures.

read more via: https://www.cnbc.com/2020/02/18/gold-markets-equities-coronavirus-in-focus.html

Landis

Landis
Follow Landis Refining Industry News on WordPress.com

No Instagram images were found.

Blogroll

  • Landis Refining Company
  • Live Market Metal Prices
  • Sell dental scrap

Landis Facebook

Landis Facebook

Website Powered by WordPress.com.

  • Follow Following
    • Landis Refining Industry News
    • Join 36 other followers
    • Already have a WordPress.com account? Log in now.
    • Landis Refining Industry News
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar