Gold Gains on Risk-Off Sentiment Amid Growth Concerns
Tuesday, 18 February 2020 09:23 WIB | PRECIOUS METALS |EMASGOLD

Gold advanced as risk-off sentiment crept back into markets amid concerns over the impact of the coronavirus on global growth.

Spot gold +0.3% to $1,585.83/oz at 9:38am in Singapore; -0.2% Monday. Bloomberg Dollar Spot Index steady near highest since end-Nov.

U.S. futures and Asian stocks slid after Apple Inc. said quarterly sales would miss forecasts, underscoring how the deadly virus could hurt corporate earnings and the economy. Meanwhile, BlackRock Inc. said emerging markets could rebound as the disease will only delay, but not derail, an uptick in global growth. China has pledged extra fiscal stimulus to counter the economic hit.

Source : Bloomberg

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