Spot gold remained firm in early Asian trading on Thursday, trading around $1,639 an ounce as risk aversion remained high amid a global outbreak of pneumonia. The governor of California has declared a state of emergency after announcing the state’s first death from coronary pneumonia. The move comes after Congress on Wednesday announced more than $8 billion in emergency funding to combat the spread of the deadly coronavirus. The world’s first confirmed case of the virus in a dog in Hong Kong also drew attention.
A state of emergency has been declared in the us state of California
On the evening of March 4, the governor of California declared a state of emergency in response to a new outbreak of the coronavirus, becoming the third U.S. state to do so after Washington and Florida.
California governor jerry Newsom has declared a state of emergency, fox news reported. Just hours earlier, the state confirmed its first death from a new case of coronary pneumonia.
There are now 53 confirmed cases in California, and health officials are observing 9,400 residents, Newsom said at a news conference.
Local health officials in California have reported the state’s first new death from coronary pneumonia, the first death outside Washington state, bringing the death toll to at least 11.
It was reported that the new coronavirus death case in California was diagnosed with the new coronavirus on the 3rd and died of severe illness on the 4th.
It is reported that the old man on February 11 solstice 21 days from San Francisco to Mexico “princess” cruise ship. Authorities are contacting and looking for people who may have come into contact with the deceased during the trip and may be at risk for infection. On 27 February, 10 paramedics and five emergency workers who came into contact with the patient when he was admitted to the hospital were also under quarantine.
“Our deepest condolences go out to the patient’s loved ones,” Placer county health official Dr. Aimee Sisson said in a statement. “while we expect more cases, this death is an unfortunate milestone in our fight against the disease that we never wanted to see.”
Placer County, near Sacramento in northern California, said it was monitoring 10 health care workers and five emergency workers at the hospital who had been in contact with patients before they were quarantined. The county said none of them showed symptoms. Other passengers on the cruise ship may also have been infected, the county said.
Earlier, U.S. vice President mike pence announced the country’s 10th death. Pence is leading the U.S. response to a new outbreak of coronary pneumonia.
CNBC confirmed that the 10th death occurred in Washington state, as did the other nine.
Vice President Mike pence said at a White House briefing on Wednesday that the working group on the new coronavirus is not recommending that the President impose additional travel recommendations or restrictions, but that the advisory team will be watching the data very closely.
The United States has confirmed 158 new cases of coronary pneumonia, according to data released by the centers for disease control and prevention and state governments, according to CNN.
The U.S. Congress on Wednesday unveiled more than $8 billion in emergency funding to combat the spread of the deadly coronavirus. Congress’s spending plan is more than three times the $2.5 billion the White House proposed last week to fight the coronavirus.
In other countries, South Korea has confirmed 438 new cases of coronary pneumonia, a total of 5,766 cases, Yonhap news agency reported Thursday. According to the ministry of foreign affairs of the Republic of Korea (rok), the number of countries and regions that have implemented immigration control measures in the rok due to the new outbreak of coronary pneumonia has increased to 94 as of 2 PM Thursday.
The number of confirmed cases of the new coronavirus in Italy has risen to 3,144, with 107 deaths and outbreaks in 74 cities nationwide, according to the ministry of emergency civil protection and the emergency committee for the new coronavirus (NPCV).
Hong Kong has become the world’s first dog to be diagnosed with the new coronavirus
A dog has been confirmed infected with the virus in Hong Kong, the latest media report said Thursday. The dog of chow chiu yee, a newly diagnosed case of coronary pneumonia, was found to be weakly positive in oral and nasal samples after two viral tests by the agriculture, fisheries and conservation department. On March 4, Hong Kong’s afcd said the results showed the dog had become the world’s first case of low-level infection.
According to reports, Hong Kong recently reported a patient’s pet dog low degree of new coronavirus infection, it is reported that the dog is Hong Kong on February 25 confirmed a new coronavirus patient’s pet dog, the current domestic servant, brother are confirmed to be infected with new coronavirus.
Experts from the school of public health at the University of Hong Kong, the school of veterinary medicine and life sciences at city university and the world organization for animal health agreed that the dog had contracted the virus at a low level and was likely to be transmitted from humans. At present, the dog does not have any signs of new coronary pneumonia.
Recently, the agriculture, fisheries and conservation department of the Hong Kong SAR government reported that a pet dog living in the home of a patient with a newly diagnosed coronary pneumonia had tested weakly positive for the new coronavirus, causing widespread concern. On the evening of March 4, a spokesman for afcd announced that the dog had been confirmed to be infected with the new coronavirus after repeated tests.
A dog was found to be weakly positive for the new coronavirus after repeated tests, a spokesman for the Hong Kong afcd said Thursday. The spokesman stressed that there was no evidence that pets could transmit coronavirus 2019 or become ill as a result. Apart from good hygiene practices, pet owners should not worry too much. Under no circumstances should pets be abandoned.
Afcd said the dog’s low level of infection with the new coronavirus could be a world first.
Hong Kong’s department of health announced on March 4 that two new cases of coronary pneumonia had been confirmed in Hong Kong, bringing the total number of cases to 102.
The market remains in the safe-haven territory as gold approaches 1640
Spot gold edged higher in Asian trading on Thursday, trading around $1,639 an ounce, with bulls targeting a short-term break above $1,640.
Gold, which had risen sharply in the previous session on the fed’s surprise rate cut, was mostly stable on Wednesday as a stronger dollar and strong risk appetite limited gold’s upside.
“There’s a lot of focus on U.S. equities right now, and gold is pricing in some of yesterday’s Fed rate cut,” said Michael Matousek, chief trader at U.S. Global Investors.
U.S. stock indexes rose as investors’ appetite for risk increased after democratic presidential candidate Joe biden narrowly won the super Tuesday primary election. U.S. stocks rose sharply Wednesday, with the dow closing up more than 1,170 points.
On Tuesday, gold posted its best performance since June 2016, rising 3.7%. The move came after the us federal reserve cut interest rates by 50 basis points in an emergency move aimed at protecting the world’s largest economy from the effects of a coronavirus. It was the first time the fed has cut rates outside a scheduled meeting since the 2008 financial crisis.
According to an article by Economies.com, gold yesterday briefly fell below $1,633.60 an ounce and remains above that level, keeping the bullish scenario in force. From the 4-hour chart, EMA 50 is supportive of gold. Now waiting for gold to test the next major target at the $1,689.33 / oz level.
Economies.com warns that if gold falls below $1,633.60 an ounce, that will put negative pressure on gold, with a target of $1,599.10 and then try again.
Economies.com expects to support at $1,630.00 an ounce, with resistance at $1,670.00 an ounce.
Analysts said this would continue to support gold prices as markets continued to anticipate further interest rate cuts by the world’s major central Banks in response to the latest outbreak.
Mr. Matousek added: “negative interest rates are happening all over the world and there may be more to come. “The virus creates uncertainty, so it makes sense for investors to add gold to their portfolios.”
Falling us interest rates have weighed on the dollar and Treasury yields, adding to the appeal of non-yielding gold.
“We believe other central Banks will follow the fed and ease monetary policy in the near future,” Commerzbank analysts wrote in a note. Gold is likely to climb further in the short term on the back of new easing measures by central Banks.”