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Goldpreis klettert auf Sechsjahreshoch

Posted by Otto Knotzer on January 28, 2020 - 8:22am


Goldpreis klettert auf Sechsjahreshoch

The gold price climbed to its highest level in more than six years. With the continuing fear of the spread of the corona virus, the "safe haven" is experiencing a clear influx, it is said. The price of the troy ounce rose in late business by 0.7 percent to $ 1,583.

Crude Oil (WTI)
Crude Oil (WTI) 53.35
The euro also fell - it was also impacted by a weak ifo business climate index in Germany. At $ 1.1010, the single currency was at its lowest level in eight months - recently it was little more.

Fears of an economic downturn combined with falling demand pushed oil prices to their lowest levels since October. If the effects of the Sars virus are projected for 2020, Goldman Sachs analysts anticipate a daily drop in demand of around 260,000 barrels. The Opec petroleum cartel discussed with Russia about possible reactions to the virus. The price of a barrel of the US grade WTI fell 1.9 percent to $ 53.14. Brent North Sea oil fell 2.3 percent to $ 59.32.