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Gold steadies near multi-year peak as virus fears mount
Gold prices steadied on Monday, holding close to a near eight-year peak scaled last week, as the accelerating spread of the coronavirus threatened to derail hopes of an economic recovery. Spot gold rose 0.1% to $1,772.39 per ounce by 11:08 a.m. EDT (1508 GMT), but only $6.67 shy of its highest since October 2012 hit last Wednesday. Prices are also on track for the third straight monthly gain and the biggest quarterly rise in over four years. U.S. gold futures rose 0.3% to $1,785.70 per ounce. "The uptick in coronavirus cases right now across most parts of the United States has got the markets on edge right now, ... (full story)