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Gold Supported On US-China Concerns
29-May-20   09:52 Hrs IST
Gold reversed in New York session yesterday as the commodity was hurt by rising equities. Gold saw good rebound this week, edging up from three week low amid escalating global geopolitical worries. However, US equities continued to add to latest gains as investors focussed on the gradual rollback of lockdown measures across the US and much of Europe. US markets hit near three month high and US dollar also edged up, pulling Gold lower. However, continued US-China tensions capped losses and the yellow metal currently trades at $1719 per ounce, up 0.33% on the day.

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