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Gold Regains Footing After 2-Week Low as Virus Watch Continues

1 month ago   |   By FXCM

By Barani Krishan
Investing.com - Gold hit two-week lows on Wednesday before rebounding as investors continued to monitor China's coronavirus crisis closely after the World Health Organization downplayed media reports about vaccine breakthroughs, which initially got markets excited.
Gold futures for April delivery on New York's COMEX settled up $7.30, or 0.5%, at $1,562.80 per ounce. It earlier slumped to $1,551.25, its lowest level since Jan. 22
In Tuesday's trade, April gold fell 1.7% for its sharpest one-day loss in two months after China's central bank provided its domestic money...
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