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Gold Little Changed as Investors Assess Cornoavirus, Corporate Earnings


Wednesday, 29 January 2020 21:14 WIB

GOLDEMAS


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Gold futures hovered near unchanged Wednesday as traders weigh the spread of coronavirus cases, while equities appear poised for further gains as U.S. earnings reporting season moves into full swing.

Gold for February delivery on Comex were flat at $1,569.80 an ounce, while March silver rose 1.2 cents, or 0.1%, to $17.47 an once.

Gold on Tuesday pulled back from a more-than-six-year high as equities bounced back from the previous session’s steep, virus-inspired selloff, dulling the metal’s haven appeal. Stock-index futures pointed to further gains for stocks on Wednesday.

Source : Marketwatch


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