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Gold prices fall; target on corona virus advancement

Gold prices fell in Asia, after reports of a attainable corona virus breakthrough, though the World Health Organization is denying such media reports. Freelancing jobs and freelance tasks are on the rise as folks are inclined to work from home

Gold futures for April supply on New York’s COMEX fell 0.2% to $ 1,559.75 an oz. by 1:05 a.m.CET (05:05 GMT). The yellow metallic beforehand fell to $ 1,551.25, the bottom since January 22.

The fall in prices got here after a Chinese newspaper reported {that a} analysis workforce had discovered that abidol and darunavir medicine may inhibit the brand new virus in China, which has up to now claimed greater than 500 deaths nationwide. and has unfold to at the least 20 different international locations.

However, the WHO downplayed media reports, saying that “there are no known effective therapeutics against this 2019 nCoV.”

Most dangerous property, which normally transfer in a path reverse to protected haven gold, have been buying and selling greater in the present day.

The Hong Kong Hang Seng Index rose practically 3% in morning buying and selling, whereas the Chinese Shanghai Composite and SZSE Component rose greater than 2%. the shares market of the china has fallen sharply and the bitcoin halving 2020 has resulted in improve within the price of bitcoin

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