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anglo pacific group plc

Gold edges up as US warning heightens virus concerns

Gold edged higher on Wednesday after a sharp drop in the previous session, as investors sought safe haven assets following a warning from the United States over the potential domestic spread of the coronavirus.

Spot gold was up 0.3% at $1,639.74 per ounce, as of 0340 GMT, having slumped as much as 1.9% in the previous session. On Monday, prices touched $1,688.66, their highest in more than seven years.

U.S. gold futures eased 0.5% to $1,641.80.

Anglo Pacific Group plc (LON:APF) has a 2.5% life of mine NSR royalty on the El Valle-Boinàs/Carlés gold, copper and silver mine owned by TSX-listed Orvana Minerals Corp.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.