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Gold tumbles over 3%, set for sharpest daily slide in 5 months as yields pop

Still, Russia’s President Vladimir Putin claimed that the country’s vaccine was “the first vaccine against the novel conoravirus infection in the world was registered,” during a televised government meeting. Prices for the yellow metal have surged to records at least partly on the back of the economic damage wrought by the COVID-19 pandemic, and the potential for a vaccine has always been considered a bearish factor for the precious metal that thrives on uncertainty. “Traders and…

Gold drops below $2,000 as dollar holds gains and shares bounce

“The retreat was inevitable,” said StoneX analyst Rhona O’Connell, adding that gold has been technically overbought for a while. https://www.reuters.com/article/global-precious/precious-gold-drops-below-2000-as-dollar-holds-gains-and-shares-bounce-idUSL4N2FD1YI

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