Gold jumped more than 1.5% on Friday to its highest level in seven years as investors rushed to the metal’s safety due to concerns over the global economic fallout from the fast-spreading coronavirus.
Spot gold rose 1.4% to $1,641.87 per ounce by 11:23 a.m. EST (1623 GMT), after hitting its highest level since Feb. 13, 2013, at $1,648.75 earlier in the session. U.S. gold futures jumped 1.5% to $1,644.70.


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