Gold loses 4.88%

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Since Thursday, August 6, gold has been depreciating against the US Dollar actively. The price for yellow metal has already lost 4.88%.  

It is likely that the demand for gold as for the safe-haven asset has been declining due to hopes to the US stimulus-led economic recovery from the coronavirus pandemic. 

Additionally, investors seem to be positive regards to the US-China tensions.

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