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Gold Inches Higher On Virus Concerns; Set For

Monthly Gain

 

Gold prices inched higher on Friday and were set to post their biggest monthly gain in five, as the coronavirus

epidemic fuelled economic slowdown concerns, despite the World Health Organization’s confidence that the

outbreak could be controlled.

Spot gold rose 0.2 per cent to $1,576.28 per ounce by 0756 GMT. The metal has gained 3.9 per cent so far this

month, on course for its best month since August. U.S. gold futures declined 0.6 per cent to $1,580.10.

 

 

 

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