PRECIOUS-Gold holds near 2-week high on

uncertainty over virus impact

PRECIOUS-Gold holds near 2-week high on uncertainty over virus impact

.

Gold on Monday held near the two-week high scaled in the previous session on uncertainty over

the impact of the coronavirus outbreak on the global economy.

Spot gold XAU= was little changed at $1,582.27 per ounce as of 0226 GMT, having touched its highest since Feb. 3 at

$1,584.65 on Friday. U.S. gold futures GCcv1 eased by 0.1% to $1,585.40.

“Gold is holding firm at high prices as uncertainty around coronavirus remains high, while the economic impact is

still unclear,” said Michael McCarthy, chief market strategist at CMC (NS:CMC) Markets.

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