The repercussions of the spread of Corona have been overshadowed by the price of gold and oil in recent times, while the yellow metal is achieving price jumps in conjunction with the outbreak of the virus globally, we find black gold ( Oil) is being pulled back by negative news that is difficult to predict the current state of fighting the deadly virus.

Gold rose more than 2% today, Monday, to record the highest level since February 2013, as the high incidence of coronavirus infection in several countries other than China exacerbated fears of harms Global economic growth, which stimulated the demand for the yellow metal, which is considered a safe haven.

Gold in spot transactions rose 1.2% to $ 1663.06 an ounce and had recorded earlier in the session $ 1678.58.

In futures trading in the United States, gold rose 1% to $ 1665.

On the other hand, oil prices fell more than 2% on Monday, while the rapid spread of the Corona virus in several locations outside China caused investor anxiety about The request was negatively affected.

Brent crude fell 1.42 dollars, or 2.4%, to 57.08 dollars a barrel, but it is higher than the low level of 56.53 dollars it touched earlier.

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American crude futures fell $ 1.26, or 2.4%, to $ 52.12.

Oil prices received some support after local health officials in China said today that 4 provinces have reduced emergency response measures related to the virus.