Gold prices fell on Thursday in Asia but were off two-week amid reports of a possible coronavirus breakthrough, although the World Health Organization later downplayed such media reports.

Gold Futures for April delivery on New York’s COMEX fell 0.2% to $1,559.75 per ounce by 1:05 AM ET (05:05 GMT). The yellow metal earlier slumped to $1,551.25, its lowest level since Jan. 22.

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