Gold has biggest weekly gain since 2016 as virus fears deepen

China new leadership hints it would do more to support the economy and industry.

Also posts record performance in coal and copper.

Prices and production down.

Almost 5,000 Chinese have left the country since the government crackdown on illegal miners began.

"Manufacturers will continue to hurt and construction will slow unless the government steps up."

If the overall import and export numbers for the world's second largest economy were not so dismal, the copper price would've reacted even more positively.

As the West flees the precious metal, another set of gold buyers has come forward with the aim to preserve wealth.

"Policymakers should be cautious in interpreting the plunge in gold prices as a vote of confidence in their performance."

Gensource and China will develop potash resources.