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Gold Spirals into 7th Day of Losses

Scandinavian Capital Markets

Gold prices entered a seventh consecutive day of losses on Tuesday, as investors hoarded cash amid the deepening economic crisis caused by the coronavirus pandemic. Although gold typically benefits from its safe haven status in times of unrest, investors have been selling in order to meet margin calls and reduce their risk exposure by holding cash.

Scandinavian Capital Markets Review

Source: https://scandinavianmarkets.com/trading-news/gold-spirals-into-7th-day-of-losses/
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