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Gold Prices Climb as Coronavirus Worries Deepen, US Data Eyed
Gold prices climbed once again in Thursday’s Asia Pacific session as the coronavirus’ spread beyond China continued to shake markets, with conviction growing that its economic impact will be considerable. US President Donald Trump made a speech on the subject aimed at reassuring Americans that the country will respond robustly and effectively to protect them from the outbreak. However, after days of heavy stock market falls, financial markets clearly expected more. Gold was among the counter-cyclical haven assets to make gains after Trump spoke. The interest-rate environment worldwide is now more friendly to the ... (full story)