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Gold ends lower as stock-market rebound dulls haven shine

From marketwatch.com

Gold futures lost ground Monday, ending lower as renewed optimism on the trade front and talk of stimulus by global policy makers dulls investor appetite for havens. Gold for December delivery GCZ19, -1.17% fell $12, or 0.8%, to end at $1,511.60 an ounce, while September silver SIU19, -1.62% declined 18.2 cents, or 1.1%, to end at $16.94 an ounce. Gold saw its second daily decline after ending Thursday at the latest in a string of more-than six-year highs. Global equities remained in rebound mode Monday, with U.S. stocks opening sharply higher after China over the weekend moved to change its interest-rate mechanism ... (full story)

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  • Category: Fundamental Analysis