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Global Market Report 03 August 2020

Gold Spot Gold rose on Friday, hovering near its all time peak, as a sliding dollar and dire economic numbers from far and wide sparked a rush to safety in bullion, which is on course for its biggest monthly gain since February 2016. Technical Resistance: 1977/1990...

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Global Market Report 27 July 2020

Gold Spot Safe-haven gold pierced the $1,900 per ounce ceiling on Friday for the first time since 2011 as a worsening U.S.-China row added to fears over the hit to a global economy already reeling from the coronavirus pandemic. Technical Resistance: 1930/1940...

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Global Market Report – 20 July 2020

Gold Spot Gold jumped on Friday, poised for its sixth consecutive weekly gain, as a record-breaking rise in coronavirus infections in the United States fueled uncertainly about an economic recovery, while a weaker greenback also added support. Technical Resistance:...

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Global Market Report – 14 July 2020

Gold Spot Gold prices firmed above the key $1,800 level on Monday, as surging U.S. coronavirus cases boosted hopes for more stimulus measures by the Federal Reserve to cushion the economic fallout from the pandemic. Technical Resistance: 1815/1823 Technical support:...

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Global Market Report – 6 July 2020

Gold Spot Gold prices were little changed on Friday as worries over an accelerating number of coronavirus cases countered a fillip to risk sentiment from positive U.S. and Chinese economic data. Technical Resistance: 1788/1803 Technical support: 1752/1739 Market...

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Global Market Report – 29 June 2020

Gold Spot Gold erased earlier losses on Friday as the relentless coronavirus spread globally with a record jump in COVID-19 infections in the United States marring risk appetite and setting the metal on track for its third straight weekly rise. Technical Resistance:...

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Global Market Report – 23 June 2020

Gold Spot Gold prices climbed 1% on Monday to hit the highest level in more than a month, as investors took refuge in the safe-haven metal after an uptick in coronavirus cases dampened hopes for a quick economic recovery. Technical Resistance: 1765/1786 Technical...

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Global Market Report – 16 June 2020

Gold Spot Gold fell more than 1% on Monday as the dollar hovered near a more than one-week high, but the metal held above $1,700 an ounce, buoyed by fears of a second wave of coronavirus infections. Technical Resistance: 1744/1755 Technical support: 1700/1685 Market...

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Global Market Report – 9 June 2020

Gold Spot Gold rose on Monday after the previous session’s steep fall, boosted by hopes of dovish monetary policy from the U.S. Federal Reserve. Technical Resistance: 1728/1749 Technical support: 1685/1670 Market headlines: Nasdaq ends at record, confirms bull market...

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