GOLD FELL 1% AS CHINA TAKES STEPS TO CURB ECONOMIC IMPACT

Highlights

• Spot gold low at 1.4% at $1,553.79 per ounce
• U.S. gold futures dropped by 1.6% to $1,557.50.

The Chinese authorities are taking steps to ease the economic impact of the coronavirus widespread. It has resulted in driving investors away from gold and focus on riskier assets.

Gold fell by 1 percent on Tuesday.  Spot gold dropped by 1.4% at $1,553.79 per ounc....