Gold balanced by virus fears and China data
Outlook on epidemic still unclear, which will keep providing support for prices
10 February 2020 - 07:28
Bengaluru — Gold prices held steady on Monday, as rising concerns over the severity of the coronavirus outbreak and its effect on global markets offset slight pressure from positive economic data from China and the US. Spot gold was little changed at $1,569.05/oz by 0313 GMT. US gold futures were flat at $1,572.70.
A team of international experts led by the World Health Organisation left for Beijing to help investigate the epidemic that has claimed more than 900 lives in mainland China, surpassing the death toll from the SARS epidemic...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.