Gold prices on Monday held near a two-week high as uncertainty prevailed over the impact of the coronavirus outbreak on the global economy.

The death toll from the outbreak in mainland China reached 1,770 by Sunday, up by 105 from the previous day.

The epidemic pushed Singapore to downgrade its 2020 economic growth forecast, while Japanese manufacturers remained pessimistic in February. 

Meanwhile hedge funds and money managers increased their bullish positions on COMEX gold in the latest week. 

Elsewhere silver was up 0.6% at $17.78, while platinum gained 0.3% to $971.

Where are commodity prices heading next?  Watch Phil Carr at The Gold & Silver Club review Gold, Silver and Crude Oil with the latest price forecast and predictions:

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