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Gold Headlines

Gold climbs as weaker dollar bolsters appeal, long-term outlook positive (Reuters)

* Gold in consolidation mode, long-term outlook positive -analyst * Silver up over 1%, recovering from two-week low hit on Wednesday * Fed officials warn of muted U.S. growth until virus is contained https://www.reuters.com/article/global-precious/precious-gold-climbs-as-weaker-dollar-bolsters-appeal-idUSL4N2FF0D3

Gold fights back after steep decline as slowdown fears persist (Reuters)

On Tuesday, gold slumped as much as 6.2%, for its worst one-day fall since April 2013. Silver, which on Tuesday declined 15%, its biggest fall since October 2008, on Wednesday was 4.3% higher at $25.85. “That decline was a healthy correction, it allows more people to get in, so prices will rally again and by the end of the year we’ll see new all-time highs with gold at probably $2,500 per ounce and silver at $35,” said Phillip Streible, chief market strategist at Blue Line Futures in…

What Is Driving Gold’s Wild Ride? (Bloomberg TV)

GoldCore Research Director Mark O’Byrne examines the factors behind sharp declines in the gold market. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

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