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Gold eases amid gains in equities
(09:53, 26 Mar 2020)
Gold futures fell as a drop from two week highs extended yesterday. Gold traders continued to monitor the coronavirus situation around the globe. End user demand is seen as a critical factor in the near term as lockdowns are gripping countries and the consumer buying remains abysmal. COMEX Gold futures quote at $1628 per ounce, down 0.30% on the day. Meanwhile, Gold is a clear complement to stocks, bonds and broad-based portfolios, as it is a hedge against systemic risk, currency depreciation and inflation, World Gold Council (WGC) said in a report.

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