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Viruses and Interest Rates
Gold received a boost over the past week when the coronavirus threat sent the price higher to $1,588 per ounce. The market needs to consolidate the current prices to reflect the seriousness of this virus on a global scale and to challenge the January high of $1,613.
The markets in general last week took a hit, including the equity markets, based on fears of the coronavirus. There was a correction in the equities and in gold, bringing gold down to the weekly average price of $1,465. This movement discounted the effect