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Gold hold 1259 level

Asian stocks hit two-month high and the major European equities too have extended the risk-on seen on Friday. Consequently, the safe haven demand for the metal dropped. Furthermore, a 0.20% rise in the USD index is capping gains in the metal as well.
Downside in the metal is being capped by negative rate strategy adopted by major central bankers across the globe. At the time of writing, the metal was trading around $1259/Oz levels.


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