Gold powers through $1,600 like a hot knife through butter

19 February
Kitco Commentaries:

Gold prices breached the elusive and psychological level of $1600 today, as genuine concerns continue to grow in regards to the coronavirus (COVID-19).

According to a report by CNN the coronavirus has now infected more than 73,000 people around the world, mostly in mainland China. The death toll has now risen to 1,873 individuals, which includes five people who resided outside of mainland China.

The possible repercussions of this contagious disease spreading beyond China’s borders could be profound, and dramatically affect the global economy. We live in an interconnected world where what happens in one part of the world can have a dramatic affect globally.

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