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Gold Holds Steady As Covid-19 Worries Linger Around

Published on Dec 24, 2020 12:24

COMEX Gold futures rose on reports that Britain has detected a new variant of the coronavirus in contacts of cases who have travelled from South Africa. South Africa`s health department said last week that a new genetic mutation of the virus had been found. The commodity also eyed a weak movement in the US dollar. The global ETF buying seems to be steadying and local retail demand is also expected to see some uptick as spot prices linger around Rs 50000 per 10 grams. COMEX Gold quotes at $1879 per ounce, up 0.06% on the day.

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