Gold eases as equities edge up, virus concerns cap

losses

Gold eased from an over one-week peak on Friday as risk sentiment improved on hopes of global

measures to

soften the impact of the coronavirus outbreak, but a surge in new cases capped bullion’s losses and kept

it on track for a weekly gain.

Spot gold was down 0.1 per cent at $1,574.69 per ounce as of 0427 GMT, having touched its highest since

Feb. 4 at $1,577.89 earlier in the session.

US gold futures also slipped 0.1 per cent to $1,577.80.

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