Prices for the yellow metal rose as hopes for a slowing outbreak of the new corona virus corroded after an increase in the number of new cases of the virus in China, which led to investor appetite for safe assets.

The price of gold in online transactions rose 0.4% to $ 1571.70 an ounce, and gold in US futures rose 0.2% to $ 1574.90.

This region announced 242 new deaths and confirmed the appearance of 14 thousand and 840 new cases since yesterday Wednesday, which is a sharp increase compared to 2015 new cases that were monitored the previous day. After China began to use a new method of diagnosis.

The fastest increase in daily deaths since the outbreak began on Asian stocks, but lifted the yen, which is a safe haven, from the lowest level in 3 weeks against the dollar.

However, the rise of gold was slow as the dollar hovered near the highest level in 4 months, rising against major rival currencies in the previous session.

As for other precious metals, palladium fell 0.7% to $ 2386.83 an ounce, and silver rose 0.8% to $ 17.60 an ounce, while platinum rose 0.2% to $ 963.14.