Gold Pulls Back from Record Highs as Global Trade Relations Improve

25.05.16

Gold prices fell by as much as 1.4%, trading near $3,200 an ounce and extending its weekly loss of approximately 3.5%. This decline follows two main factors: profit-taking after recent gains and reduced safe-haven demand due to improving US-China trade relations. According to Christopher Wong of Oversea-Chinese Banking Corp, gold…

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