The WHO has declared the 2019 new coronavirus outbreak an international public health emergency, with the number of people infected more than the SARS outbreak of 2003 and the death toll rising, according to independent technology analyst AG Thorson, according to Gold-Eagle.com. He expects this to be a safe-haven incentive to push gold prices above $1,700 an ounce. The impact of the SARS outbreak lasted about half a year, the impact of the Outbreak of Pneumonia in Wuhan is likely to be more extensive.<br>Colin Cieszynski, chief market strategist at SIA Wealth Management, also predicted that gold prices could challenge the $1,600-an-ounce barrier this week, with continued support above $1,500. John Weyer, head of safe-haven trading at broker Walsh Trading, Inc., says the current market is cloudy, especially when the stock market falls.
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