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Gold Re-Approaches $2,000 Level

M. Ali 17 August, 2020 10:17 pm Commodities, Market Update

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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