Gold Eases From 7-Year High, But Virus Fears Limit Losses
Tuesday, 25 February 2020 19:02 WIB | PRECIOUS METALS |EMASGOLD

Gold prices fell on Tuesday as investors booked profits after the metal surged to a more than seven-year high in the previous session and as equities regained some footing, but a spike in coronavirus cases outside China capped bullion™s losses.

Spot gold slipped 0.7% to $1,649.70 per ounce by 0847 GMT, having slipped 1.7% at one point earlier in the session. U.S. gold futures fell 1.5% to $1,652.

On Monday, the metal rose as much as 2.8% to $1,688.66, its highest since January 2013.

The coronavirus death toll climbed to seven in Italy on Monday, while several Middle East countries were dealing with their first infections.

Source : Reuters

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