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Gold set for best quarter in 4 years on virus fears

From reuters.com

Gold prices held steady on Tuesday and were heading for their biggest quarterly rise in more than four years as fears over rising coronavirus cases around the world boosted demand for the safe-haven metal. FUNDAMENTALS * Spot gold was mostly unchanged at $1,770.77 per ounce by 0052 GMT, just $8.29 shy of a near eight-year high of $1,779.06, hit last week. * Bullion, with more than 12% gains this quarter, is on track for its best quarter since end-March 2016. Gold was also headed for its third straight monthly gain. * U.S. gold futures were flat at $1,781.20. * Confirmed COVID-19 cases worldwide exceeded 10 million ... (full story)

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  • Category: Fundamental Analysis