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Gold Has Best Month in 5 on Heightened Safe-Haven Play to Virus Gold prices fluctuated as much as 1% in volatile trade on Friday as investors sold the precious metal to cover margin calls as the rapid spread of the coronavirus hammered equity markets. U.S. stocks tanked and the Dow Jones Industrials shed nearly 2%, while government bonds rallied as traders worried about a prolonged economic slowdown. Nearly 60 new coronavirus cases were confirmed in the U.S. on Thursday. Globally, virus cases surpassed 100,000 and over 3,300 deaths have been reported. Dip (in gold) should be bought up fairly quickly as the day goes on. As long as this virus is in the headlines out there, expect gold to continue higher. Oil slips amid demand concern, OPEC+ deal for deeper output cuts Oil slid nearly 1% on Friday as worries about global oil demand and economic growth slowdown caused by the coronavirus outbreak were heightened by concern over non-OPEC crude producers not yet having agreed to cut

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