Gold set for biggest weekly gain since 2016 as fears mount over virus impact

Gold set for biggest weekly gain since 2016 as fears mount over virus impact

The Edge Markets - World·2020-03-06 12:49

(March 6): Gold prices held steady on Friday but were on track to post their biggest weekly gain since February 2016 over fears that the global coronavirus outbreak could deal a hard blow to the world economy.

Spot gold was little changed at US$1,669.13 per ounce by 0245 GMT, having risen over 2% in the previous session.

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