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Global gold prices jump over 2% as virus spread spurs safe-haven demand

Updated : February 24, 2020 09:29 AM IST

Adding to the boost from safe-haven demand, gold is also seeing technical buying, especially after prices broke above the $1,611 level, CMC's McCarthy said.
Lower interest rates reduce the opportunity cost of holding non-yielding bullion.
Global gold prices jump over 2% as virus spread spurs safe-haven demand

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