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Gold sets new record price

27 Jul 2020 01:15 PM

Gold prices today reached an all-time high of $1,944 amid investor concerns about renewed lockdowns in response to the ongoing Coronavirus pandemic

A possible new round of money printing from the Fed, the ECB and central banks in Asia, with renewed government bond purchases and stimulus packages also in the offing, have together affected market sentiment and driven gold significantly higher this year.

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