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Gold prices finish higher as renewed coronavirus fears buoy haven assets

From marketwatch.com

Gold futures finished higher on Thursday as refreshed worries about a viral outbreak shifted investor concerns back to the economic implications of the disease, buttressing bullion prices. “There is still a thick smog of uncertainty over the outbreak and impacts it will have on China and global economy,” said Lukman Otunuga, senior research analyst at FXTM. “Caution remains a major theme.” Chinese health officials changed the method of diagnosing cases of the illness, which has been officially named COVID-19. As a result, there was a sevenfold increase in the number of new cases of COVID-19, the new coronavirus ... (full story)

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  • Category: Fundamental Analysis