PRECIOUS-Gold eases from 7-yr peak as China bids

to cushion virus impact

Gold prices fell slightly on Thursday, after hitting their highest since March 2013 in the previous session, as

Chinese stimulus measures to cushion the economic impact of the coronavirus outbreak stoked investors to opt

for riskier assets.

Spot gold XAU= was down 0.1% at $1,609.59 per ounce, as of 0253 GMT. Bullion rose to an intraday high of

$1,612.62 in the previous session, the highest since March 25, 2013. U.S. gold futures GCcv1 were flat at

$1,612.20.

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