By THE NATION
The closing rate was the highest one since February 2013.
Investors have been buying gold as a safe-haven asset, amid concerns about Covid-19’s impact on the global economy.
The International Monetary Fund recently cut its estimate of China’s economic growth from 5.6 per cent by 0.4 per cent due to the virus outbreak.
Meanwhile, South Korea has ordered the highest “red” level alert for the Covid-19 situation with the number of cases rising to over 800 and eight people dying.