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RETREATING FROM THE RECORD HIGH

GOLD

Gold continues to retreat from the record high above USD2000/ tr oz as optimism on both the economic front and the fight against the coronavirus continues to build.

  • Spot gold trades at USD1912.67/tr oz, down from a session high of USD 1929.41.
  • Economic uncertainty remains, as does the risk of a fully fledged second-wave of the Covid-19 crisis, which will provide some support for gold in the near term.

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