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Gold Eases Further After Sliding From Two Week High

Published on Jan 25, 2021 11:59

COMEX Gold futures saw persistent selling pressure as a slide from two week high extended on lack of follow up buying. Commodities mostly turned lower on Friday and COMEX Gold followed suit, ending down 0.57% at $1855 per ounce. The metal lost further today and currently trades down 0.30% at $1850 per ounce. Covid-19 vaccinations continue and despite the worries over extended lockdowns in Europe and some other parts of the world, US daily fresh cases are coming down, bringing some pause to safe haven Gold buying.

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