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Gold Falls from Near 7-yr Peak as China Acts to Support Economy

Thursday, 20 February 2020 19:15 WIB

GOLDEMAS

Gold edged lower on Thursday after China announced more measures to limit the economic impact from coronavirus epidemic, although a rise in number of new cases in South Korea kept bullion close to a near seven-year peak.

Spot gold was down 0.1% at $1,610.31 per ounce. U.S. gold futures rose 0.1% to $1,613.30.

Gold rose to its highest since March 2013 at $1,612.62 in the previous session on concerns of the economic impact of the virus outbreak.

Source : Reuters

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