Spot gold was trading at $2,391.93 per ounce at 9.10 am UAE time on Thursday
uae2 hours ago
Streets in Riyadh were deserted Monday as Saudi Arabia implemented a nationwide dusk-to-dawn curfew to limit the spread of the new coronavirus, the latest in a series of restrictions as infections soar.
Police cars warned people over loudspeakers to stay off the streets after the 11-hour curfew went into effect at 7pm (1600 GMT) following a royal order from Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia.
The curfew, which state media said will be imposed for 21 days, comes as Saudi Arabia declared 562 coronavirus infections. No deaths have been reported so far.
The Saudi royal guard, an elite internal security force, said it was working with other security agencies to implement the curfew as it released images on Twitter of a convoy of military trucks driving through the streets at dusk.
Bathed in amber light, Riyadh's main thoroughfares and public highways - typically packed with cars - were largely empty, though Saudis posted on social media videos of some young men who tried to breach the curfew.
The interior ministry has warned that transgressors will be fined 10,000 Saudi riyals ($2,663) and could face jail for repeated breaches.
Health sector employees as well as security and military officials will be exempt from the curfew restrictions, according to the royal order.
King Salman warned on Thursday of a "more difficult" fight ahead against the virus, as the Kingdom faces the double blow of virus-led shutdowns and crashing oil prices.
Following Saudi Arabia's calls last week for a "virtual" G20 summit, the French presidency on Monday said Paris and Beijing agreed on the need for emergency talks to coordinate an international response to the coronavirus crisis.
Saudi Arabia, which currently presides over the group, said G20 finance Ministers and central bank governors met virtually on Monday to ramp up economic efforts to address the pandemic.
The Arab world's biggest economy has closed down cinemas, malls and restaurants, halted flights and suspended the year-round umrah pilgrimage as it steps up efforts to contain the deadly virus.
Last week, the kingdom unveiled stimulus measures amounting to 120 billion riyals ($32 billion) to support businesses and said it plans to raise borrowing to 50 per cent of GDP.
Saudi Arabia has also suspended prayers inside all its mosques except the holiest two sites in Makkah and Madinah.
Spot gold was trading at $2,391.93 per ounce at 9.10 am UAE time on Thursday
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