The gold price jumped to fresh near 7-year highs on Monday as worries about the spread of the coronavirus spurred investors to seek safe haven assets and global stock markets plummeted.
February gold futures, the most active contract with nearly 40m ounces traded on the day, was set to close above $1,580 an ounce on the Comex market in New York.
It would be the highest closing price since 9 April 2013 although on an intra-day basis gold briefly traded above $1,600 an ounce a fortnight ago when investors also sought less risky investments following the killing of an Iranian general in a US drone strike.
KEFI Minerals plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.