The gold commodity has temporarily stopped the bullish trend due to the dollar's rise over the increasing Corona virus crisis in China, which increased the demand for safe havens.
Gold fell 0.1 percent to $ 1579.38 an ounce
In a Hadith economist at the Bank of Australia, the increased fears about the economic impact of the Corona virus in China may push gold above the level of $ 1580
He also stated that gold may reach $ 1600, but it is likely to reach levels of about $ 1570-1590, and all this is due to the developments of the situation and the way China treats the viral crisis. Gold is considered a safe investment in cases of political and economic problems, but the rise of gold has stopped temporarily due to the rise of the dollar, which reached Its index price near its highest level in two months
In front of other minerals, palladium advanced 1.4 percent to 2299.96 dollars per ounce after seeing a 7 percent drop in previous sessions.
Silver was offset by a 0.2 percent drop to $ 18.05, and platinum rose 0.4 percent to $ 987.73
