Home » Market News » DirectorsTalk Highlights » Gold price closes in on 7-year high
KEFI Minerals Plc

Gold price closes in on 7-year high

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.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

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