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Gold Drops to Lowest Level in Month

M. Ali 24 August, 2020 11:53 pm Commodities, Market Update

Gold prices dropped on Monday to their lowest level in about a month, with a decreased demand for safe havens and a rise in risk appetite amid positive news on COVID-19 vaccine and treatment.

The yellow metal futures for December delivery fell by $7.80, or 0.4%, and finished at $1,939.20 per ounce.

This is the lowest closing level for the precious metal in almost a month, since July 27.

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