Silver closes higher as coronavirus fears boost safe-haven demand

2020-02-13 21:41:43 GMT (Economies.com)
Silver closes higher as coronavirus fears boost safe-haven demand

Silver futures rose on Thursday, lifted by increased safe-haven demand for precious metals due to mounted concerns over the coronavirus, while the US dollar held steadily.

 

The Chinese government revealed today that the virus death toll rose to more than 1360 victims, and infected about 60,000 people.

 

Estimates for the impact of the coronavirus crisis on the global economy are still underway, which propelled the analysts at the British bank HSBC to forecast that the Chinese economy growth will slowdown in the first quarter.

 

The dollar index held at 99.1 points as of 20:47 GMT, after hitting a high of 99.1 and a low of 98.8.

 

Silver futures rose 0.7% to close at $17.619 an ounce, with a day high of $17.715  and a low of $17.44.

 
 
 
  Symbol Last Change Chg.%
1.1043
0.0228
2.1063%
1.2820
-0.0128
0.9897%
Tadawul
7628.34
-82.78
1.07%
16.610
-1.883
10.182%
45.105
-8.228
15.428%
50.52
-1.66
3.18%
1582.730
-60.915
3.706%
 
 
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