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Gold Re-Approaches $2,000 Level

Gold prices increased on Monday, maintaining its renewed upward trend with the highest daily rise since April 22, supported by the rising demand on safe havens.

Gold futures for December delivery closed higher by $48.90 or 2.5% at $1.998.70 per ounce.

A mostly-negative performance by the U.S. Dollar helped the yellow metal extend its gains.

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