The sharp jump in the death toll from the coronavirus outbreak in China pushed investors to seek the safety of bullion.
Gold has always been a safe haven for investors and offers support on the downside from various worries about global growth from the trade war to the outbreak of coronavirus in China.
This resulted in spot gold going up by 0.4% to $1,571.23 per ounce.
Fatalities climbed by 242 bringing China’s death toll to 1,355. The number of infections jumped by 14,840 sending the total number of cases in China to about 60,000.One death was reported from Japan.