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Gold Price Forecast – Coronavirus Could Send Gold Above $1700

FXEmpire - I spent much of the week following the coronavirus. On Monday, there were some 2,757 confirmed cases, and health experts compared it to the 2003 SARS outbreak, but with a lower fatality rate (2% vs. 10%).

On Tuesday, the number of confirmed cases jumped to 4,464, a 60% bump, and I thought to myself, “Oh boy, this thing is just getting started.” Surprisingly, the US stock market rallied, and precious metals tanked, especially silver.

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