10:25 am
Tuesday 25 February 2020
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Cairo – Agencies:
Gold prices fell today, Tuesday, as investors sold the yellow metal to take profits, after hitting a seven-year high in the previous session, while stocks recovered somewhat, but higher cases of Corona virus infection outside China curbed gains.
And gold fell in the spot transactions 0.7 percent to 1648.36 dollars an ounce (ounce) by the time 0605 GMT. Yesterday, gold rose 2.8 percent to $ 1,688.66, the highest level since January 2013, according to Reuters.
Gold in US futures fell 1.6 percent to $ 1650.60.
Asian stock markets have stabilized somewhat after a wave of early sell-offs receded.
The number of deaths from the Corona virus in Italy rose to seven cases yesterday, Monday, while several countries in the Middle East deal with the first cases.
Regarding other precious metals, palladium rose 0.3 percent to $ 2,637.25 an ounce.
As for silver, it lost 0.7 percent to $ 18.50 an ounce, after touching the highest level since early September in the previous session, and platinum settled at $ 963.52 an ounce.
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