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Tag: Gold

Weakened, Gold Prices Believed to Be Translucent at US $ 2,300 / oz
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Weakened, Gold Prices Believed to Be Translucent at US $ 2,300 / oz

After yesterday set the highest record in history, today Wednesday (07/29/2020) the price of gold was slightly corrected. Understandably, prices have been rallying continuously, so that the correction becomes reasonable.At 09.00 GMT+7, world gold prices in the spot market were priced at US $ 1,956.31 / troy ounce. Bullion prices fell 0.13% compared to yesterday's closing position at US $ 1,958.93 / troy ounce. Gold Price Spot (US $ / Troy Ons) "Gold is overbought and needs to be corrected," StoneX analyst Rhona O'Connell told Reuters. "But now all are supportive; negative interest rates, intensive geopolitical tensions and huge uncertainties ...