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Gold shies away from $1,700/oz as virus-related restrictions affect trading activity


Spread between near and far month contracts have widened reflecting lack of buying interest in physical market as well as disparity in international market.

Ravindra Rao

Gold witnessed a sharp rise in the last few sessions, however, failure to break past the $1,700 per troy ounce level has led to an equally quick correction and the price is currently near $1,625 per troy ounce.

Gold rallied sharply in the last few days as Federal Reserve's aggressive monetary easing measures led to a correction in the US dollar index. Gold also benefitted from ETF inflows and supply concerns ...


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