Palestine Economy Portal.

Gold prices fell on Tuesday, with investors selling the yellow metal to take profits after hitting a seven-year high during the previous session and while stocks recovered somewhat, but the high incidence of Corona virus outside China curbed the gains.

Gold fell in the spot transactions by 0.7 percent to 1648.36 dollars an ounce. after gold rose 2.8 percent to $ 1,688.66 on monday, the highest level since January 2013.

Gold in US futures fell 1.6 percent to 1650.60 dollars, as Asian stock markets stabilized somewhat after a wave of early selling eased.

The death toll from the Corona virus in Italy rose to seven cases on Monday, while several countries in the Middle East deal with the first cases.

Regarding other precious metals, palladium rose 0.3 percent to $ 2637.25 an ounce, while silver lost 0.7 percent to $ 18.50 an ounce, after touching the highest level since early September in the previous session and platinum settled at $ 963.52 an ounce.

Source: Reuters.