Gold slips slightly on news of drug to treat coronavirus
European shares jumped over 1% after a Chinese TV report said researchers at Zhejiang University had found an effective drug for the virus
Bengaluru — Gold prices steadied after touching their lowest in two weeks on Wednesday, as reports of drug breakthroughs in treating the coronavirus lifted European shares and dented some of bullion's safe haven appeal.
Spot gold inched 0.1% lower at $1,551.38 /oz by 11.03am GMT, having fallen to its lowest since January 21 at $1,546.90/oz. US gold futures were flat at $1,555.50/oz...