Article taken from: finance.yahoo.com
By Barani Krishnan Investing.com – Confusion over China’s accounting of the Covid-19 helped gold post its seventh weekly gain in eight and return to the $1,580 perch critical to those long the yellow metal. But guessing the market’s near-term direction remains difficult for investors due to the sheer uncertainty of the epidemic and alternative safe-haven choice offered by the dollar. Gold futures for April delivery on New York’s COMEX settled Friday’s trade up $7.60, or nearly 1%, at $1586.40 per ounce. […] Spot gold, which tracks live trades in bullion was up $6.29, or 0.4%, at $1,582.38 by 3:30 PM ET (20:30 GMT). […] The overall death toll still rose by over 100 to 1,383, while officially confirmed cases in China rose by some 5,000 to over 64,000.
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