© Reuters.

By Alex Ho

Investing.com – Gold prices traded lower on Wednesday in Asia as equities rebounded after data showed the number of new coronavirus cases fell today, but uncertainty over the economic impact of the outbreak remains.

Gold Futures for April delivery inched down 0.1% to $1,568.75 by 1:25 AM ET (05:25 GMT).

Asian stocks rebounded today, as China reported the lowest daily number of new coronavirus cases since January today.

“Gold is consolidating as the current virus scare is evaporating,” Stephen Innes, chief market strategist at AxiCorp, said.

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