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Gold Edges Lower as Traders Assess China Virus Outbreak


Friday, 24 January 2020 21:30 WIB

GOLDEMAS


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Gold edged lower Friday as traders assessed the severity of a viral outbreak originating out of China a day after the World Health Organization said it was too early to declare a global emergency.

Gold for February delivery on Comex fell $5.10, or 0.3%, to $1,560.30 an ounce, while March silver was up 13.1 cents, or 0.7%, at $17.96 an ounce.

The yellow metal saw its highest close in more than two weeks on Thursday as the spread of the coronavirus triggered a selloff in global equities and fanned demand for haven assets. But U.S. stocks went on to largely recover from early weakness Thursday after the WHO said it was too early to declare a global public health emergency. Stock-index futures pointed to a higher start for U.S. stocks on Friday.

Source : Marketwatch


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