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Gold holds above $1,600 on fears over economic impact of virus

Updated : February 19, 2020 06:08 PM IST

Silver was up 0.6 percent to USD 18.27, having hit a more than one-month high at USD 18.33, while platinum rose 0.6 percent to USD 998.04.
The US dollar, also considered a safe-haven, scaled a more than four-month high against key rival currencies.
Lower interest rates reduce the opportunity cost of holding non-yielding bullion and also weigh on the US currency.
Gold holds above $1,600 on fears over economic impact of virus

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