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Gold heads for second loss in a row but holds above $1,500
Gold prices on Tuesday headed lower, on the verge of notching a second straight decline, as upbeat reports from some of the U.S.’s largest banks, muted signs of inflation and continued progress toward a Sino-American trade pact failed to spur demand for haven-related assets. “Gold prices are getting dragged down as trade tensions have eased in the short-term and as US earnings season gets off to a great start,” wrote Edward Moya, senior market analyst at Oanda, wrote in a Tuesday research note. “The banks are painting a picture that the US consumer remains strong and that should support fresh record highs ... (full story)