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Gold reclaims $1,500 level on recession fears

Gold reclaims $1,500 level on recession fears

Wednesday, December 25, 2019, 7:57 PM

Gold prices reclaimed the $1,500 mark for the first time since November 4 as US recession fears prompted investors to seek safety in the precious metal. The yellow metal's price was also supported by disappointing US economic data and concerns relating to US-China interim trade deal. Gold acted as a hedge during times of political and financial uncertainty.
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