Gold Gains as Virus Concerns Weigh on Risk Appetite

Thursday, 23 January 2020 10:08 WIB



Gold advanced as risk aversion returned to markets amid ongoing efforts to control the widening coronavirus outbreak.

Chinese officials halted travel from a city of 11 million as they try to stop the spread of the new SARS-like virus, while the World Health Organization delayed a decision on whether to declare the outbreak an international emergency. The coronavirus, which first appeared last month in Wuhan in central China, has killed at least 17 people and infected hundreds.

Spot gold +0.2% to $1,562.41/oz at 9:05am in Singapore. Bloomberg Dollar Spot Index steady.

Other precious metals: Silver +0.2% to $17.878/oz, Platinum +0.2% to $1,017.35/oz, Palladium +1.3% to $2,509.30/oz.

Source: Bloomberg


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