PRECIOUS-Gold holds near 2-week high on
uncertainty over virus impact
.
Gold on Monday held near the two-week high scaled in the previous session on uncertainty over
the impact of the coronavirus outbreak on the global economy.
Spot gold XAU= was little changed at $1,582.27 per ounce as of 0226 GMT, having touched its highest since Feb. 3 at
$1,584.65 on Friday. U.S. gold futures GCcv1 eased by 0.1% to $1,585.40.
“Gold is holding firm at high prices as uncertainty around coronavirus remains high, while the economic impact is
still unclear,” said Michael McCarthy, chief market strategist at CMC (NS:CMC) Markets.