Prices of the yellow metal are extending the monthly rally, posting gains for the second consecutive week and at the same time extending the rebound from lows around $1,547 recorded
Indeed, safer assets saw their demand intensified on Tuesday in response to re-emerging coronavirus fears, lifting prices of the precious metal to fresh multi-week highs near the $1,600 mark and depressing yields of the US 10-year reference.
However, extra gains in in gold could be larger if it weren’t by the solid march of the greenback, which is trading in fresh 4-month tops near 99.50 when gauges by the US Dollar Index......


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