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Beijing reported 25 new COVID-19 cases on Thursday, with the number of cases linked to an outbreak in the Xinfadi market now standing at almost 200. Some U.S. states also reported a spike in cases.
Meanwhile, U.S. President Trump also warned on Thursday that cutting ties with China remained a possibility a day after Secretary of State Mike Pompeo met China’s top diplomat Yang Jiechi in Hawaii.
Gold futures were up by 0.25% at $1,735.35 by 12:19 AM ET (5:19 AM GMT), with investors turning to the yellow metal as a safe store of value in politically and financially uncertain times.