Gold rate rose
on Thursday as fears of a pandemic heightened after coronavirus infections
surged in Italy and Iran, triggering a move away from riskier assets.
The number of
new infections inside China - the source of the outbreak - was for the first
time overtaken by fresh cases elsewhere on Wednesday, with Italy and Iran
emerging as epicentres of the rapidly spreading illness.
Italy has reported more than 400 cases and Iran has reported only 139 cases, but epidemiologist say the true number of cases must be many times higher.
Italy has reported more than 400 cases and Iran has reported only 139 cases, but epidemiologist say the true number of cases must be many times higher.
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