Gold prices raised on Wednesday at $1,662.20 an increase of 0.09% after a steep fall in the previous session, as doubts about a stimulus package proposed by U.S. President Donald Trump to soften the economic impact of the coronavirus epidemic weighed on risk sentiment.European Central Bank head Christine Lagarde will participate in a video conference of the EU's 27 leaders to discuss measures to counter the virus impact, the Council of the European Union said in a tweet. And also tomorrow we have a big event taking place which is the European Central Bank having an interest rate decision. Whatever the outcome may be, investors are ready for some movement in the market. Lower interest rate reduces the opportunity cost of holding non-yielding bullion.