Precious Metal: On Monday MCX Gold opened slightly lower on indecision above the influence of the coronavirus outburst on the worldwide economy. The death toll from the outburst in China touched 1,770 on Sunday, increased by 105 from the last day. Outburst pushed Singapore to lower its 2020 economic growth prediction; In the meantime, Federal Reserve Bank President of Cleveland Loretta Mester on Friday said the widespread could be a struggle on the U.S. economy this quarter. U.S. central bank had raised worries regarding a probable influence on the U.S. economy due to the outburst, while maintain the benchmark interest rates unmovable in the last meeting. Lower interest rate reduces the opportunity cost of holding non-yielding bullion. Easy monetary policy around the world is one of the reasons keeping gold striking in the longer term.