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Gold Advances After IMF Trims Growth Outlook for 2020


Tuesday, 21 January 2020 09:44 WIB

GOLD


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Gold climbed for a third day after the International Monetary Fund trimmed its global growth outlook for this year.

The IMF predicted the world economy will strengthen in 2020, albeit at a slightly weaker pace than forecast in October, amid threats related to trade and tensions in the Middle East.

Spot gold +0.3% to $1,565.57/oz at 9:24am in Singapore; after +0.2% Monday and +0.3% Friday

Bloomberg Dollar Spot Index steady

Other precious metals: Silver +0.3% to $18.1266/oz, Platinum +0.5% to $1,024.90/oz, Palladium -0.7% to $2,527.56/oz; prices hit record $2,577.27 on Monday.

Source: Bloomberg


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