Gold prices retreated on Friday as investors booked profits from a 1% jump in the last session, but the metal had some support as mounting concerns over the rapid spread of coronavirus lifted expectations of rate cuts by major central banks.
Spot gold was down 0.7% at $1,630.86 per ounce. U.S. gold futures slipped 0.6% to $1,631.90 per ounce.
Bullion has added almost 3% so far this month, its third straight monthly gain. Prices hit a 7-year high of $1,688.66 earlier this week.
Source : Reuters