Gold not budged by hopes of coronavirus abating
Support for metal still strong due to knock-on effects of pandemic and remaining tariffs after US-China deal’s first phase
12 February 2020 - 08:18
Bengaluru — Gold was little changed on Wednesday, as equities rose after the number of new coronavirus cases fell, while uncertainty over the economic effect of the outbreak underpinned bullion. Spot gold was flat at $1,567.82/oz by 0348 GMT. US gold futures edged 0.1% higher to $1,571.20.
While the death toll exceeded 1,000, China’s foremost medical adviser on the epidemic said infections may be over by April, with the number of new cases already declining in places...
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