The growing concerns about the impact of the Corona virus on the economy, pushed gold higher during the day Thursday, as the United States suspended travel from Europe hit by the virus.

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Gold in Spot Dealing rose 0.5% to $ 1642.46 an ounce by 0854 GMT. There was little change in the US gold futures contract at $ 1642.20.

The World Health Organization (WHO) on Wednesday described the Coruna virus as a pandemic, with 119,000 and 100 people contracting the virus globally.

Noteworthy, US President Donald Trump announces Wednesday that all travel from Europe, with the exception of the United Kingdom, has been suspended for 30 days, leading to sales. In the global stock markets and the dollar.

According to Reuters, gold had pared some of the gains from a 0.9% jump, earlier recorded during a choppy session and settled at well below the seven-year peak of $ 1702.56. Which was recorded on Monday.