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Gold Settles Lower but Keeps $1,800-Level

M. Ali 15 July, 2020 12:04 am Commodities, Market Update

Gold prices declined on Tuesday, but recovered from most of its earlier losses and maintained the $1,800 per ounce level.

Demand for gold as a safe haven supported the yellow metal, with rising concerns regarding the COVID-19 pandemic and the economic recovery progress.

Gold futures for August delivery lost 70 cents, or 0.04%, and settled at $1,813.4 per ounce.

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