Gold steady as shares retreat on fears of virus impact on growth
by on February 7, 2020
The metal, however, was still on track for its biggest weekly decline in three months as strong US economic data.
Spot gold was little changed at $1,566.21 per ounce by 0610 GMT, down about 1.6pc for the week.
Lower US interest rates put pressure on the dollar and bond yields, increasing the appeal of gold.