Certain dividend stocks present an opportunity for investors: Citi Private Bank CIO

David Balin, chief investment officer for Citi Private Bank, joins "Squawk Box" to discuss what investors are liking in the market despite coronavirus fears.

Gold soared as much as 2.8% on Monday to its highest level in seven years, as investors worried about global economic growth in the face of sharply rising coronavirus cases outside China.

Spot gold climbed 1.7% at $1,671.24 per ounce. The session high, $1,688.66, was its highest since January 2013. U.S. gold futures settled up 1.7% to $1,676.6.

“The markets are spooked right now,” said Bob Haberkorn, senior market strategist at RJO Futures, citing coronavirus fears.

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