Gold edged higher during the early European session and is currently placed near the top end of its daily trading range, around the $1654-55 region.
Following the previous day’s intraday pullback from multi-week tops and an early dip to the $1640 area, the precious metal regained some positive traction in the wake of fresh worries over the coronavirus pandemic.
Investors turned cautious and took refuge in traditional safe-haven assets after the New York state – the centre of the US outbreak – and the United Kingdom announced their highest daily death toll on Tuesday.
Anglo Pacific Group plc (LON:APF) has a 2.5% life of mine NSR royalty on the El Valle-Boinàs/Carlés gold, copper and silver mine owned by TSX-listed Orvana Minerals Corp.