Gold rally stalls as investors take profits
Spot gold falls but outlook is still bullish with prices hovering near a record peak
31 July 2020 - 07:26
Bengaluru — Gold prices dipped on Thursday as investors holding long positions took profits after nine straight sessions of gains, though the outlook remained bullish with prices hovering near a record peak.
Spot gold dipped 0.9% to $1,952.30/oz by 18.31pm GMT, set to break its longest winning streak since December 2017. US gold futures closed 0.6% lower at $1,942.30/oz...
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