Early Friday morning in Asia, news from the Washington State suggested that the US death toll due to the deadly coronavirus (COVID-19) reached 12. This includes 11 from the Washington that comprises 10 cases of death from King County.
Market implications
With the early-day news suggesting a lack of testing kits, the rise in the death toll continues to weigh on the trade sentiment. Even so, markets seem to have lost confidence in the US dollar as a risk-safety, which in turn helps gold to seesaw near the multi-day high around $1,673 by the press time.