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Asian trade: gold prices stable

20/12/2022
Source : ORISHAS FINANCE
Categories: Raw materials

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At the beginning of Asian trade, gold prices were stable. Edward Moya, senior market analyst at Oanda explains in a note that a wave of risk aversion late last week boosted the US dollar and Treasury yields, weighing on the precious metal's price. Spot gold is stable at $1,792.40/oz. For their part, analysts believe that gold could slide further, then falling to the $1,760/oz level.

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