Gold prices were little changed on Tuesday as a firm dollar countered concerns about a rapidly spreading coronavirus outbreak in China and its economic fallout.
Spot gold was unchanged at $1,575.67 per ounce by 0331 GMT, after hitting its highest since Jan. 8 at $1,591.46 in the previous session. U.S. gold futures fell 0.2% to $1,580.00.
"It is the uncertainty around coronavirus that continues to be supportive for gold prices," said ING analyst Warren Patterson, adding that the metal would remain fairly well-supported unless there is more clarity on what the impact will be on the Chinese as well as the global economy.
Hong Kong has reported its first death from the coronavirus, the second fatality outside mainland China from an outbreak that has killed 425 people, while Beijing allowed U.S. health experts into the country to help fight the fast-spreading flu-like virus.
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