Commodity investors are taking flight as fears deepen that the spread of coronavirus could curtail China’s demand of everything from crude oil to soybeans.
Prices are slumping as the death toll rises, prompting China to extend its Lunar New Year holiday to contain the infection whose spread is accelerating around the world. Fears over the economic impact sent most energy, base metals and grains futures down more than 1%, while pushing havens like gold higher.
