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Gold Futures Settle at a More Than 7-Year High
Tuesday, 7 April 2020 00:56 WIB | PRECIOUS METALS |EMASGOLD

Gold futures climbed on Monday to settle at their highest in more than seven years.

"Fiscal and monetary stimulus will provide a nice backdrop for gold, but safe-haven demand will be high due to upcoming financial stress that will persist over the coming months as the U.S. economy enters a very dangerous place," said Edward Moya, senior market analyst at Oanda, in a market update.

June gold rose $48.20, or 2.9%, to settle at $1,693.90 an ounce. That was the highest finish for a most-active contract since Dec. 17, 2012, according to Dow Jones Market Data.

Source : Marketwatch

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