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Tuesday, June 23, 2020 6:14:11 PM
"...Gold prices climb to highest finish since 2012 on softer dollar, trade jitters..."
"... Gold futures climbed toward their highest settlement in more than seven years Tuesday as low interest rates, U.S.-China tension, and a weakening U.S. dollar provided a runway higher for bullion.
The conflicting statements on the status of the U.S.-China trade deal from White House trade adviser Peter Navarro, along with increasing tensions between the two nations, has led to more safe haven buying in gold, said Jeff Wright, executive vice president of GoldMining Inc.
Navarro suggested to Fox News in a late-Monday interview that the trade agreement with China, signed in January, had been terminated. He later said his comments were “wildly” taken out of context and the phase-one pact remained in force. President Donald Trump also tweeted that the agreement was intact.
The U.S. stock market recovered from an overnight shock from Navarro’s comments to move higher in Tuesday trade as gold futures settled. The dollar, however, was down 0.5% and has declined 1.1% so far this week to 96.58, as measured by the ICE U.S. Dollar Index DXY, -0.39%, which gauges the buck against a half-dozen currencies...."
https://www.marketwatch.com/story/gold-prices-extend-gains-aim-for-highest-level-since-2012-as-dollar-softens-2020-06-23
https://www.mining.com/gold-price-closes-in-on-8-year-high/
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