Prices of the safe-haven gold fell on Monday in Asia despite the plunge in the Chinese stock markets.

Gold Futures fell 0.2% to $1,584.15 by 1:30 AM ET (05:30 GMT).

The fall in prices came even after China’s Shanghai Composite and the Shenzhen Component plunged more than 8% earlier in the day, after the country’s National health Commission confirmed the death toll from the new virus rose to 361 as of Monday. Confirmed cases increased to 17,205, it said.

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