Gold prices inched down on Friday after two days of gains, but risk-averse sentiment in the market capped the safe-haven metal’s losses.
Gold Futures for April delivery on New York’s COMEX inched down 0.1% to $1,577.95 by 12:59 AM ET (04:59 GMT). The yellow metal eased from an over one-week peak, but is still set to report a weekly gain.
Asian equities traded mostly higher today, with Chinese and Hong Kong stocks up about 0.3%.
However, concerns surrounding the virus remained as the death toll in China’s Hubei province rose by 116 today, with the total number of cases up by nearly 5,000.
Source : Investing.com