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Gold Heads for Biggest Quarterly Gain Since 2016 on Virus Woes

Tuesday, 30 June 2020 09:44 WIB GOLD EMAS

Gold headed for the biggest quarterly advance since 2016 amid a surge in demand for haven assets due to the ongoing coronavirus outbreak, which shows no signs of abating. Bullion rose as the World Health Organization warned that the worst of the pandemic is still to come because of a lack of global solidarity. Deaths have surpassed 500,000 worldwide and confirmed cases exceeded 10 million, according to Johns Hopkins University data. Investors will also be closely watching comments from Federal Reserve Chair Jerome Powell due later Tuesday. In remarks prepared for testimony before the House Financial Services Committee, Powell stressed the importance of...

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