Bengaluru — Gold prices were little changed on Wednesday after sliding 1% in the previous session, as investors took stock of the economic effect of the new coronavirus and awaited the US Federal Reserve’s interest rate decision.The death toll from the coronavirus outbreak in China rose to 132, while the number of confirmed cases rose to 5,974, heaping pressure on Beijing to control the disease as the US weighs the suspension of all flights to the country.
Yields on the 10-year Treasury note briefly fell below those of the three-month bill early Tuesday for the first time since October, on concerns over the economic effect of the coronavirus. New orders for key US-made capital goods dropped by the most in eight months in December, while consumer confidence surged to a five-month high in January.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Virus fears boost gold to two-week high“The virus is going to hurt the Chinese economy to a certain degree.”
Source: BDliveSA - 🏆 12. / 63 Read more »
China extends New Year holiday to February 2 over virus fearsThe holiday sees millions of people travel around the country to visit family
Source: TimesLIVE - 🏆 28. / 59 Read more »
China extends New Year holiday to February 2 over virus fearsThe holiday sees millions of people travel around the country to visit family
Source: TimesLIVE - 🏆 28. / 59 Read more »
Virus sell-off could offer a chance to buy stocksHistory shows stocks will rebound further than they fall during coronavirus scare, strategists say
Source: BDliveSA - 🏆 12. / 63 Read more »
Oil slips amid growing fear about virus outbreak“Such extreme pessimism occurred back in 2003 during the SARS outbreak though it did not cause a significant reduction in oil demand.”
Source: BDliveSA - 🏆 12. / 63 Read more »
Rising death toll and rapid spread of China virus sparks panicMongolia has closed its border and other countries are preparing to evacuate their citizens
Source: BDliveSA - 🏆 12. / 63 Read more »