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Gold Prices Stage a Comeback and Here is Why

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Gold prices took a beating on Monday, as a number of bullish developments undermined demand for havens.

As a reminder, these bullish developments were; 1) Moderna released positive Phase 1 trial results for a Covid-19 vaccine and 2) Germany and France released a joint proposal on the EU Recovery Fund, including for its to be funded by joint EU debt (aka. coronabonds).

As a result, gold fell from its early Monday morning highs of above the $1760s to the low $1730s.

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Here Is Why

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