(Kitco News) - With the number of new coronavirus cases slowing, gold prices are focusing on an economic fallout from the virus as traders keep the gold bid alive.

(Kitco News) - Holdings of gold by physically backed exchange-traded funds have risen for 12 consecutive business days, said BMO Capital Markets. The ETFs trade like a stock but track the price of gold, with the commodity put into storage to back the shares.

(Kitco News) - Voters in the weekly Kitco gold survey remain bullish on the metal, with Wall Street analysts continuing to cite expected safe-haven buying of the precious metal due to worries about the impact of the coronavirus on the global economy.

(Kitco News) - Gold and silver prices are steady to slightly down in early U.S. futures trading Friday, pressured only mildly following a stronger-than-expected U.S. employment report for January.