TODAY YELLOW METAL
On Thursday, Spot Gold prices ended higher by 0.27 percent to close at $1639.6 per tonne as worries over the impact of the Coronavirus breakout could turn into a pandemic and hamper the global economy. The impact of the virus breakout is much severe than earlier assessed which dented the risk appetite amongst investors in turn boosting the appeal for the bullion metal. Increase in number of cases from Italy and Iran while U.S. and Germany getting prepared for virus breakout raised genuine concerns in the markets.