Gold Prices Lower to Begin July After Hitting Highest Mark Since 2011
APMEX
7/1/2020 9:08:12 AM
Gold prices are sinking lower on Wednesday after surpassing $1,800 an ounce and marking the highest finish since in almost nine years on Tuesday, as doubt about the economic recovery from the COVID-19 pandemic bolstered demand for the yellow Precious Metal. Concerns of the spread of COVID-19 and stimulus from governments to limit the detrimental effect of the illness is likely to encourage a rise for Gold.
Gold sunk lower to $1,773 an ounce early Wednesday. In August 2011, the yellow Precious Metal reached at of record $1,891.90.
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