Gold headed for the third weekly gain in four as mounting concerns over the impact of the coronavirus boosted demand for haven assets.
Prices climbed as Asian stocks slipped after Hubei, the Chinese province at the center of the outbreak, reported more fatalities, bringing the nationwide total near 1,500. Investors are weighing the spread of the disease, in addition to news that the Federal Reserve will dial back liquidity injections.
Spot gold little changed at $1,577.44/oz at 9:24am in Singapore.
Source : Bloomberg