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Global Times recently released news that the US military in South Korea took action due to the latest coronavirus spread.

Key quotes

The US  military in South Korea has raised its danger level and urgently blocked all bases and facilities in Daegu due to the Coronavirus spread.

A large-scale cluster of infections was found in Daegu, with 78 confirmed cases reported in a local church.

Fx implications

The news exerts additional pressure on the trade sentiment. As a result, Gold prices are taking their up-moves towards $1,630 while heading into Friday’s European session.