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Gold kick-starts the week with bullish gap-up to $1589 as coronavirus fuels risk aversion

FXEmpire - Gold prices remain positive while taking rounds to $1,583, following the intra-day high of $1588.70 flashed at the week’s start, amid Monday’s Asian trading session. The yellow metal recently benefited from fears of China’s coronavirus outbreak while worries headlines from the Middle East as well as concerning the global trade add to the risk aversion.

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Gold jumps 1% as virus fears spur flight to safety
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Global turmoil to be good for gold: Reuters poll
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