Gold Prices Rise as U.S. Confirms First Community Transmission of Coronavirus

 Gold prices rose again on Thursday in Asia after the U.S. confirmed the first possible “community spread” of the coronavirus in thecountry.

Gold Futures for April delivery gained 0.6% to $1,652.65.

The yellow metal is trading near a seven-year high and has outperformed other traditional haven assets, such as the Japanese yen and Swiss franch.

The Centers for Disease Control and Preventionn (CDC) said a California patient, who did not have a relevant travel history or exposure to another patient with the new coronavirus, was infected.

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