Gold pulls back from fresh seven-year high coronavirus in focus UPDATED BY OCTAMX.COM

Gold prices rallied to $1,681.25, the highest since February 2013, during early Monday. The yellow metal recently benefited from the rise in the coronavirus cases outside China while no respite from the contagion inside the dragon nation earlier fuelled the safe-haven. It should be noted that the bullion’s prices have been pulled back to $1667. 18 by the press time. Markets are too sensitive to the coronavirus headlines in recent days and hence any more fearsome news could keep the gold prices heading towards the north.

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