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COMEX Gold Near Two Week Low
27-May-20   10:43 Hrs IST
Gold extended losses in last session as rising equities capped the upmove. Investor sentiment received a boost this week after American biotech firm Novavax said Monday it started the first human study of its experimental coronavirus vaccine. The firm said it expects initial results on safety and immune responses in July. COMEX Gold recovered from one week low last week amid rising US-China trade tensions but pulled back near two week low of around $1700 per ounce yesterday. The yellow metal currently trades at $1704 per ounce, down 0.66% on the day.

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