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Gold prices are expected to trade higher today:

Angel Broking

Angel Broking’s report on Gold

On Monday, Spot Gold prices ended lower by 0.13 percent to close at $1571.9 per ounce. Concerns over

the economic damage by the coronavirus outbreak continued to weigh on the market sentiments and

support Gold prices. Rising worries of a global epidemic also boosted the demand for the U.S. Dollar

which made the yellow metal expensive for other currency holders. An evident slowdown the second

largest economy in the world, China might continue to support Gold prices. The death toll has crossed

1000 in China with over 40,000 people infected by the coronavirus.

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