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(Updates costs) * Silver touches a greater than 3-month peak * Greenback hits over one-week excessive, off multi-year lows * Interactive graphic monitoring international unfold of coronavirus: tmsnrt.rs/3mvcUoa By Shreyansi Singh Dec 21 (Reuters) - Gold edged down on Monday as fears of a new coronavirus pressure roiled markets and traders opted for the greenback, whereas the metallic gained some help from a U.S. stimulus bundle. Spot gold fell 0.2% to $1,877.83 per ounce by 1:44 p.m. EST (1844 GMT), having earlier hit its highest since Nov. 9 at $1,906.46. U.S. gold futures settled down 0.3% at $1,882.80. "Gold market merchants typically are wanting on the Senate in the U.S. and it's a foregone conclusion that this stimulus deal that went by final evening goes to go this afternoon," stated Bob Haberkorn, senior market strategist at RJO Futures. "Gold will commerce larger because the week goes on, however at the moment I assume merchants are getting their heads across the UK pressure." Bullion had jumped greater than 1% earlier within the session, helped by stories that U.S. congressional leaders reached settlement on a $900 billion bundle. Nevertheless it later fell as a lot as 1.3% because the greenback index rebounded off multi-year lows to an over one-week excessive as fears of a extremely infectious new coronavirus pressure dragged the pound and euro down. Information of the pressure additionally dented threat sentiment, resulting in a stoop in European equities and Wall Road's fundamental indexes. Gold, thought-about a hedge in opposition to inflation, has risen about 24% this yr amid the large stimulus unleashed globally. "At present's value motion for gold reminded merchants of the panic promoting that occurred in March. The prospects of extra stimulus have been driving gold larger, however at the moment's short-term greenback surge is disrupting that thesis," Edward Moya, senior market analyst at OANDA, stated in a notice. "Gold's bullish pattern continues to be intact however might nonetheless be weak if the greenback comeback lasts a few days." In different metals, silver rose 1.5% to $26.16 an oz., having hit its highest since Sept. 16 at $27.38 earlier. Palladium fell 2.2% to $2,309.77 and platinum dropped 2.3% to $1,012.39. (Reporting by Shreyansi Singh in Bengaluru; Enhancing by Alexander Smith and Andrea Ricci)
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