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Gold Prices Show Year-End Rally


Tuesday, 31 December 2019 08:39 WIB

GOLDEMAS


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Gold prices keep going up on Tuesday morning in Asia. U.S. Gold Futures holds steady to $1,518.60 per ounce by 7:55 PM ET (12:55 AM GMT). It once fell to $1,513.65 on the same day and soared up again.

As this week is shortened by a holiday, trading volume of gold is projected to be lower than the average. This may result in more fluctuation in the prices.

Investors tend to be more cautious amid global economic uncertainties such as Sino-China trade phase one deal, the U.S. presidential election next year, and Brexit of the U.K. The geopolitical tensions affect the year-end rally in gold prices.

The yellow metal prices will possibly keep rising at least until early 2020, analysts say.

Source : Investing.com


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