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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.