(Kitco News) – Gold prices are solidly up, hit a five-week high and are trading at session highs above $1,600.00 an ounce in late-morning action Tuesday. The yellow metal is catching a good safe-haven bid as the U.S. stock market is selling off and is at daily lows amid increasing concerns regarding the coronavirus outbreak significantly denting global economic growth. April gold was last up $19.40 at $1,605.90.
By Jim Wyckoff
For Kitco News
Contact jwyckoff@kitco.com
www.kitco.com
