Coronavirus concerns intensify market fears

MOUNTING concerns about the spread of the coronavirus has seen major mining equities smashed and gold strengthen further, with the spot price nearly reaching US$1700 per ounce before softening to about $1660/oz.

Coronavirus concerns intensify market fears Coronavirus concerns intensify market fears Coronavirus concerns intensify market fears Coronavirus concerns intensify market fears Coronavirus concerns intensify market fears

The continued attraction of the haven asset comes as the likelihood of central banks stepping in to support economies by cutting interest rates is seen as increasing.

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