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Gold surges as coronavirus spreads outside China

Today, gold prices climbed more than 2% to their highest level since February 2013, as a spike in infections in several countries outside China heightened worries about a hit to global economic growth, prompting a flight to safe havens.

U.S. gold futures climbed 1% to $1,665.1 an ounce. Moreover, spot gold jumped to a seven-year high of $1,678.58.

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