Gold is about to end the week with solid gains and could remain better bid over the next week if the virus fears continue to dominate the market sentiment.
The yellow metal is currently trading at $1,671 per Oz, representing a 5.4 percent gain from the weekly opening price of $1,585. That is the biggest weekly gain since February 2016.
The big gains could be associated with the Federal Reserve’s (Fed) emergency rate cut and the resulting slide in the US yields and the Dollar Index.


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