Coronavirus deaths in China top 1,000 as investors seek safety in gold, dollars

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Coronavirus deaths in China top 1,000 as investors seek safety in gold, dollars
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Cities in China have become virtual ghost towns after authorities ordered lockdowns, cancelled flights and closed factories and schools.

| The death toll in China climbed above 1,000, as the World Health Organization cautioned that the spread of cases outside of China could be “the spark that becomes a bigger fire” and said the human race must not let the epidemic get out of control.

There are now over 42,000 confirmed cases in China as well as 319 cases in 24 other countries, including one death, according to WHO and Chinese health officials. Worries about the coronavirus kept investors on edge with safe-havens like gold rising and the dollar hitting a four-month high against the euro on Monday.

Ten extra days had been added to the Lunar New Year holidays that had been due to finish at the end of January to help slow the virus' spread. Even on Monday, many workplaces remained closed as people worked from home. One Beijing government official, Zhang Gewho, said it would be harder to curb the spread of the virus as people returned to work. “The capacity of communities and flow of people will greatly increase the difficulty,” he said.

President Xi Jinping said the government would prevent large-scale layoffs, Chinese state television reported.

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