Gold Futures Extend Gains As Coronavirus Concerns Boost Safe Haven Appeal

Continuing to rise for a fourth session in a row, gold prices moved higher on Tuesday as global equity markets re-assessed the severity of the coronavirus outbreak and its impact on world economy. MCX gold futures rose by as much as Rs 142 per 10 grams - or 0.34 per cent - from their previous close to touch Rs 42,098 per 10 grams before giving up some of those gains in late-morning deals. At 11:17 am, the gold futures contract (deliv...