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Gold Price Analysis: XAU/USD surges to new weekly highs amid California's coronavirus emergency

Gold prices are on the rise again. The safe-haven asset is responding to a worsening market mood amid the coronavirus crisis. The US state of California – home to Silicon Valley – has declared a state of emergency after confirming the first death from the disease. Moreover, the virus is spreading all over the world and causing disruptions.

After a spell of calm and a rate cut by the Fed, the precious metal is on the rise again. IT is trading around $1,64, the highest this week.

The next level is $1,663 and then the seven-year high of $1,689.

Gold Price Analysis: Climbs back closer to weekly tops, around $1650 region

Gold edged higher through the mid-European session on Thursday and is currently placed near the top end of a two-day-old trading range, just below the
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United States Challenger Job Cuts down to 56.66K in February from previous 67.735K

United States Challenger Job Cuts down to 56.66K in February from previous 67.735K
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