Gold price crashes, as investors dump metal
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The gold futures closed on Friday (February 28) at $1,566 per ounce, down by around $76, as investors sold the precious metal amid the Covid-19 situation.
This price was the biggest drop in one day since June 20, 2013.
World Health Organisation (WHO) director Tedros Adhanom Ghebreyesus has raised the risk level of Covid-19 to “very high”.
The WHO also announced that the virus will affect almost all countries in the world soon.
