Gold Rises as China Reports Increase in Virus Cases

Thursday, 13 February 2020 10:00 WIB



Gold advanced on demand for haven assets as the Chinese province at the center of the coronavirus epidemic reported a surge in new cases after revising the method for counting infections, blunting investors’ optimism that the outbreak may be on the wane.

Some risk-off sentiment returned to markets, with Asian equities dipping and futures on the S&P 500 dropping after the index hit a record on Wednesday. The death toll in China rose to at least 1,355 as the number of fatalities in Hubei more than doubled to 242 for Feb. 12. The province said there were almost 15,000 new cases after it revised data to include “clinically diagnosed” cases.

Spot gold as much as +0.4% to $1,572.66/oz and was at $1,570.19 at 10:19am in Singapore.

Source : Bloomberg


  • Gold prices notched a slight gain Thursday as investors focused on intensifying friction between the U.S. and China. Continued concerns about negative interest rates and a jump in flows in exchange-tr...



Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.