The coronavirus outbreak in China continued to push commodity markets lower Monday as the number of cases has risen and spread across the globe, sparking concerns of lower demand growth. In oil, Dated Brent crude prices fell $1.48 to $58.35/b Monday, according to S&P Global Platts assessments. That was down $6.07, or 9.4%, since January 20. In metals, the London Metal Exchange three-month copper price ended $174.5 lower Monday at $5,748/mt. That was down $515, or 8.2%, from January 20. Copper is often seen as a barometer for global economic health. See full-size image In contrast, precious metals have held up as investors increase allocation to safe-haven assets, with London gold closing at $1,580.10/oz, Platts assessments show. The Chinese government has extended the Lunar New Year holiday period, closing businesses in key provinces and […]