Gold edged lower on Friday as investors sought details on the severity of the China virus after the World Health Organisation stopped short of announcing the outbreak as a global emergency.
Spot gold fell 0.2% to $1,559.28 per ounce by 0748 GMT, but was on track to gain 0.2% for the week. U.S. gold futures slipped 0.4% to $1,559.30.
Asian shares inched higher following the WHO statement on Thursday that the new China virus does not yet constitute an international emergency.
Gold prices finish higher on Friday, ending at the highest settlement in about three weeks as a viral outbreak originating out of China continued to grow.
February gold closed $6.50, or 0.4%, higher at $1,571.90 an ounce on Comex. The metal also marked a weekly gain of 0.4%.
China has moved to restrict movement of some 46 million people in and out of cities near the center of the outbreak, while also canceling Lunar New Year events as the number of infections continued to rise.
Tokyo stocks opened higher on Friday, propped up by a calm session on Wall Street despite caution from investors over a new deadly virus from China.
The benchmark Nikkei 225 index rose 0.25 percent or 59.38 points to 23,854.82 in early trade while the broader Topix index was up 0.12 percent or 2.16 points at 1,732.66.
Sumber : AFP
Gold edged lower Friday as traders assessed the severity of a viral outbreak originating out of China a day after the World Health Organization said it was too early to declare a global emergency.
Gold for February delivery on Comex fell $5.10, or 0.3%, to $1,560.30 an ounce, while March silver was up 13.1 cents, or 0.7%, at $17.96 an ounce.
The yellow metal saw its highest close in more than two weeks on Thursday as the spread of the coronavirus triggered a selloff in global equities and...
European stocks opened higher on Friday, looking to break a four-day losing streak after the World Health Organization (WHO) said the deadly Chinese coronavirus was not a œglobal emergency yet.
The pan-European Stoxx 600 added 0.7% in early trade, basic resources rebounding 1.5% to lead gains as almost all sectors and major bourses entered positive territory.
Following a torrid week for stocks on the back of fears over the spread of the new coronavirus, which has killed 25 people in...