Gold Declines Amid Virus Concerns; Palladium Rallies
Wednesday, 22 January 2020 15:53 WIB | PRECIOUS METALS |EMASGOLD

Gold fell for a second day as markets assessed the likely impact of the spread of China™s coronavirus. Palladium climbed after posting its biggest loss since August.

Spot gold -0.3% to $1,553/oz at 7:21am in London; -0.2% Tuesday. Palladium +1.5% to $2,436.98/oz; prices -5.6% Tuesday. Bloomberg Dollar Spot Index steady after +0.1% Tuesday.

Asian stocks rallied, recouping some of Tuesday™s sell-off triggered by evidence of the contagiousness of the virus, and concerns about the potential economic implications and disruption to spending during China™s week-long Lunar New Year holiday. The country will increase screening and controls to tackle the growing outbreak.

Source : Bloomberg

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