Gold prices inched lower on Friday after surveys showed Chinese manufacturing activity held steady in January and services firmed, although concerns over the coronavirus and its economic impact kept the metal on track for a second monthly gain.

FUNDAMENTALS

Spot gold fell 0.1 per cent to $1,571.77 per ounce by 0124 GMT. For the month, prices were up 3.6 per cent. US gold futures declined 0.8 per cent to $1,570.70.

Factory activity in China stalled in ..

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