Worldwide panic over the coronavirus outbreak and a flood of stimulus by central banks has ignited demand for one of humanity’s oldest methods of storing wealth.

CME said it would announce the launch date for the new contracts this week.

The Canadian miner decided to stop activities as a precautionary measure in the face of the covid-19 pandemic.

Concerns over supply and the rush on gold purchases has sent futures in New York skyrocketing to the highest premium over spot gold in London in decades.

The Balama graphite operation in Mozambique remains operational.