Gold rose as investors weighed concerns about the impact of the coronavirus on growth as more countries impose travel curbs with data that showed resilience in the U.S. economy.
Health officials raced to develop treatments and improve testing for the new virus that has now claimed 563 lives in China, though the World Health Organization cautioned that a vaccine is a long way off. Travel restrictions remain in place as the number of cases rise, and there are concerns Chinese jewelry demand may be hit as consumers stay home to avoid infection.
Spot gold +0.2% to $1,558.91/oz at 7:04am in London; +0.2% Wednesday.
Source : Bloomberg