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Gold Inches Lower as Investors Seek Clarity on Virus Severity


Friday, 24 January 2020 18:30 WIB

GOLDEMAS


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Gold edged lower on Friday as investors sought details on the severity of the China virus after the World Health Organisation stopped short of announcing the outbreak as a global emergency.

Spot gold fell 0.2% to $1,559.28 per ounce by 0748 GMT, but was on track to gain 0.2% for the week. U.S. gold futures slipped 0.4% to $1,559.30.

Asian shares inched higher following the WHO statement on Thursday that the new China virus does not yet constitute an international emergency.

However, investors remained concerned about the spread of the virus ahead of the Lunar New Year, a peak period of travel and gold demand in the region.

Source : Reuters


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