The situation led to a city at the centre of the outbreak, Wuhan, to close transportation networks and urge citizens not to leave.
Globally, spot gold was flat at $1,558.93 per ounce by 0127 GMT. US gold futures rose 0.3 per cent at $1,561.00.
A Reuters technical analyst said spot gold is biased to revisit its Januray 21 low of $1,545.96 per ounce, as it looks shaky around a resistance at $1,564.
The resistance is identified as the 38.2 per cent retracement of the downtrend from the January 8 high of $1,610.90 to $1,535.63. The metal could be consolidating in a range of $1,547-$1,564.
Signals will remain rather mixed until the metal gets out of the range. A break below $1,547 could confirm the continuation of the downtrend from $1,610.90, while a break above $1,564 could signal the extension of the bounce from $1,535.63.
Meanwhile, gold production in Russia rose 16.2 per cent in the first 11 months of 2019 to 337.26 tonnes from 290.3 tonnes in the same period a year earlier, Russia’s finance ministry said on Wednesday.
In other precious metals, palladium advanced 1.1 per cent to $2,499.44 an ounce, silver remained unchanged at $17.82 per ounce and platinum edged lower by 0.1 per cent to $1,011.15.