Gold prices jump over 2% to highest since February 2013 as coronavirus spread spurs safe-haven demand
Spot gold was up 1.1 percent at $1,661.86 per ounce, after climbing to $1,678.58 earlier in the session. US gold futures rose 1 percent to 1,664.60.
Gold gains as US, China kick off new round of tariffs; trade war escalation, fears of global downturn sees $100 rise in yellow metal in August
Demand for gold as safe-haven surged after the United States and China launched fresh tit-for-tat tariffs on each others goods