On Thursday the safe metal Gold dropped while wary investors anticipated a policy decision by the European Central Bank to be announced later today. However, increasing concerns over a virus outbreak in China contributed to finding support. Spot gold fell 0.1% at $1,557.90 per ounce while U.S. gold futures remained stable at $1,556.79. Now other precious metals like palladium rose about 1.5% to $2,511.89 an ounce while silver fell 0.2% to $17.74 per ounce.
The new coronavirus virus weakens investors’ positive sentiment
Daily Analysis - 23/01/2020