Park Avenue Numismatics
5084 Biscayne Blvd, Suite 105
Miami, FL 33137
Toll Free: 888-419-7136
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Over 30 Years Experience
Park Avenue has over 30 years
experience buying and selling
Rare Coin and Precious Metals.
We have the knowledge and
ability to provide our customers
with the best products and services.
Gold nears $1,600/oz on coronavirus fears
FX STREET-- "Renewed fears around the Chinese coronavirus (COVID-19) have been supporting the demand for the safe haven metal in past hours, taking the ounce troy to levels just shy of the key $1,600 mark. Prices of the yellow metal are extending the monthly rally, posting gains for the second consecutive week and at the same time extending the rebound from lows around $1,547 recorded on February 5th. Indeed, safer assets (like gold and bonds) saw their demand intensified on Tuesday in response to re-emerging coronavirus fears, lifting prices of the precious metal to fresh multi-week highs near the $1,600 mark and depressing yields of the US 10-year reference....As of writing Gold is gaining 0.76% at $1,592.58 and a breakout of $1,593.90 (monthly high Feb.3) would expose $1,600 (psychological level) and then $1,611.34 (2020 high Jan.8)."
