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Goldplat plc

Gold jumps past $1,700 level for first time in 7 years

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.

Spot gold rose 1.5 percent to $1,699.20 per ounce, having touched its highest since December 2012 at $1,702.45 earlier in the session.

US gold futures jumped 1.6 percent to $1,699.70 per ounce.

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.