Gold falls with continuing fear of Coronavirus outbreak

Gold fell more than 2.5% during trading on Wednesday, with continuing concerns regarding the spread of the Coronavirus and its impact of this for the global economy, as strong stimulus measures that the US Federal Reserve resorted to recently failed.
And gold fell in the spot transactions by 2.5% to $ 1490.80 an ounce, while futures contracts for the yellow metal fell by 2.3% to $ 1491 an ounce.