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COMEX Gold Softens Amid Rising Equities
26-May-20 09:14 Hrs IST
Gold slipped in last session as rising equities capped the upmove. The metal had added to its latest gains last week on tense moves in world equities. After a steady upmove in first half of the week, global stocks fell as China published a draft law proposal that could spell the effective end of Hong Kong's special status, risking further civil disorder there and profound negative consequences for relations between China and the rest of the world. The trade tensions between US and China are already escalating. COMEX Gold recovered from one week low amid such a scenario but pulled back under $1730 per ounce yesterday. MCX Gold futures ended flat at Rs 47000 per 10 grams mark yesterday in a thing session.
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