KONTAN.CO.ID - JAKARTA. Gold edged lower on Friday after the World Health Organisation stopped short of declaring the China virus outbreak a global emergency, though prices were still on track to post a weekly gain. Spot gold fell 0.1% to $1,561.86 per ounce by 0356 GMT. For the week, prices were on track to gain 0.3%. U.S. gold futures slipped 0.3% to $1,561.50. "There is not enough information out there in the street yet to be sure that we have a negative situation on our hand and that it would require a move into havens," Jeffrey Halley, senior market analyst, OANDA, said.
Gold inches lower as investors seek clarity on virus severity
KONTAN.CO.ID - JAKARTA. Gold edged lower on Friday after the World Health Organisation stopped short of declaring the China virus outbreak a global emergency, though prices were still on track to post a weekly gain. Spot gold fell 0.1% to $1,561.86 per ounce by 0356 GMT. For the week, prices were on track to gain 0.3%. U.S. gold futures slipped 0.3% to $1,561.50. "There is not enough information out there in the street yet to be sure that we have a negative situation on our hand and that it would require a move into havens," Jeffrey Halley, senior market analyst, OANDA, said.