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Improving risk sentiment increase profits in GOLD

On Thursday, gold dropped lower and returned to the fresh session lows of the last hour,

 

gold


again approaching the psychological point of $1600.

Reduced interest in buying around the safe precious metal begins to occur against the background of additional improvement in global risk sentiment. PBoC's recent move to reduce the base rate on Thursday signaled China's readiness to take further measures to compensate for the economic consequences of the coronavirus outbreak.

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