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Gold outshines all assets amid virus fears

Analysts expect fear-driven demand to push yellow metal into US$1,750-US$1,800 range

Gold closed its best week in eight years, with gains of more than 5 per cent to over US$1,677/oz as the spread of Covid-19 led to fears of a global slowdown.


VIRUS outbreak fears and dovish central banks - chiefly the US Federal Reserve - have been the wind beneath the wings of gold's recent moonshot, with analysts now bullish about the yellow metal's chances of breaking through the US$1,700-US$1,800/oz marks.

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