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After declining 5.4% from the peak reached on May 18, gold is again flirting with the key resistance level and recent multi-year high of $1,764. The resurgence in the precious metal price has coincided with a record increase in global coronavirus cases and as of Friday, the SPDR Gold Trust holding saw a rise in net inflows of 2%.While many investors do not like gold as an asset class given that it pays no interest, those same investors may find the precious metal a better alternative to many other asset classes.The stock market rally is clearly losing steam and there isn’t much... Read More
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