Gold Gains As Markets Assess Economic Impact Of

Virus

Gold inched higher on Thursday as investors evaluated the economic impact of the coronavirus outbreak as

the

death toll jumped past 500, but the gains in bullion were capped by China’s decision to halve tariffs on US

imports.

Spot gold was up 0.2 per cent to $1,559.50 per ounce by 0835 GMT. Prices fell to $1,546.90 on Wednesday,

the

lowest since Jan. 21. US gold futures were flat at $1,563.30.

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