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Daily Recap: Friday, July 24, 2020

The world economy is showing strong signs of recovery, according to recent PMI data from Europe and the US, however, the rising number of COVID-19 cases in the US and escalating political tensions between Washington and Beijing left a toll on stock markets and increased the demand for safe havens. This has led gold prices to record a new record high at Friday’s close. Here’s a look at today’s top stories.

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