The gold price has started the week in green. Fears over the coronavirus spreading further are pulling up the price as investors are switching some liquidity from stocks to safe havens. Despite the strength of the greenback, the bullion price is taking advantage of this uncertain situation and has recovered to $1,580.
The main trend remains bullish, with the short-term correction seen in the last few weeks seemingly over, increasing the chance of the price achieving a new 7-year-high in the next few weeks.
