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Goldplat plc

Gold climbs to two-week high

Gold prices rose to their highest in more than two weeks on Monday as equities slipped on growing concerns that a China virus outbreak could impact that nation’s economy, prompting investors to drop riskier assets and look for safe havens.

Spot gold climbed 0.5% to $1,577.93 per ounce by 0743 GMT. Earlier in the session, prices rose as much as 1% to their highest since Jan. 8 at $1,586.42.

U.S. gold futures rose 0.3% to $1,576.50.

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.