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Gold recovers Brega as safe haven

2017-08-17 12:51 pm | Resource: | No Views : 364



Gold posted gains in Thursday's trading to reach $ 1290 an ounce, rising 0.65%, after falling to 1267 levels due to higher investor risk appetite as political tensions between the United States and North Korea eased. Gold luster as a safe haven for investors.

But the precious metal soon rebounded after President Donald Trump announced the dismantling of two major business advisory boards, raising investors' concerns about the uncertain future outlook for the economy, to see gold at 1290, hitting a four-session high.

Analysts expect gold to continue to breach the 1291 barrier, its highest level in two months.


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