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Gold prices inched up  on  Wednesday as  traders  await  the U.S. Federal Reserve’s minutes of its latest meeting, which is due later in the day.  In the latest  news on  the coronavirus  outbreak,  The Hubei province reported 132 deaths for Feb. 18.

So far, China has 74,186 confirmed cases of the virus, according to government data.The epidemic is expected to impact business in China and drag down its economic growth. Earlier this month, Moody’s Investors Service has lowered the growth forecast for China from 5.8% to 5.2% for 2020.

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