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Gold Inches Lower as New Coronavirus Cases Dip


Tuesday, 11 February 2020 19:54 WIB

GOLDEMAS


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Gold edged back from the previous day's near one-week high on Tuesday as European stocks surged to record highs and the dollar hit a four-month peak, with a drop in the number of new confirmed cases of coronavirus providing a glimmer of relief.

Spot gold was down 0.3% at $1,567.54 per ounce, having touched its highest since Feb. 4 at $1,576.76 on Monday. U.S. gold futures shed 0.5% to $1,571.10.

European shares hit a record high, while Asian share markets followed Wall Street higher on Tuesday as the number of new coronavirus cases slowed in China and the country’s factories slowly returned to work.

Source : Reuters


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