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Gold Weakens as China Denies the Yellow Metal’s Importance in Portfolio Diversification

Gold price weakens further after breaking below 1200 yesterday. The benchmark contract falls to a 6-week low at 1186 in European session. Lack of catalysts, rebound and USD and profit-taking are factors driving the yellow metal lower.

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Gold Weakens as China Denies the Yellow Metal’s Importance in Portfolio Diversification

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