Gold rises on softer dollar, U.S. stimulus hopes - THEMARKETTRENDZ

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Thursday, 8 October 2020

Gold rises on softer dollar, U.S. stimulus hopes

Gold-backed exchange traded funds added more than 1,000 tonnes of bullion worth $60 billion at current prices to their stockpile in the first nine months of 2020, driving a sizzling price rally, the World Gold Council (WGC) said. The world's central banks sold more gold in August than they bought, the WGC said.

from Commodities-Markets-Economic Times
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