Gold prices slipped on Monday in Asia as China imposed tightened restrictions on movement in the Hubei province to prevent the spreading of the coronavirus.

Gold Futures for April delivery slipped 0.1% to $1,584.85 by 1:25 AM ET (05:25 GMT).

Sixty-million people in the Hubei province have been told to stay at home unless there is an emergency, while the use of private cars have been banned indefinitely, according to the South China Morning Post. A single person from each household is allowed to leave the building every three days to buy food and essential items, the article added.

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