Gold prices are declining after hitting a two-week high

Gold prices dropped today in light of volatile trading as investors achieved profits after prices reached their highest levels in two weeks, although gold found some support at a time when global stock markets retreated amid growing concerns about the Chinese Corona virus.

The spot gold price fell 0.2% to $ 1558.60 an ounce after it reached the highest level on January 8 at $ 1568.35 as gold futures fell in the United States by 0.2% to $ 1557.90 an ounce.

As for other precious metals, palladium fell 4% to $ 2400.12 an ounce, the biggest daily decline in your month, as silver fell 1.3% to $ 17.83 an ounce, and platinum fell 1.1% to $ 1004.17 an ounce