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Gold prices expected to remain relatively steady

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divyam joshi
Gold prices expected to remain relatively steady

Gold and silver have had an exciting run in the past couple of months, and this is taking place exactly because precious metals are doing what they are supposed to do – act as a hedge against economic instability.

The dollar becomes a secondary issue.

That’s exactly what has been happening with the yellow metal.

While a positive, protests are expected to continue as Ms. Lam refuses to give in to the protesters other four demands.

Gold fell on Friday after hitting 6-year highs off $1557 per ounce earlier in the week as upbeat remarks from Federal Reserve Chair Jerome Powell offset a weaker-than-expected U.S. nonfarm payrolls report.

The measures should free up Chinese banks’ balance sheets to lend around another 800 billion Yuan (USD120 billion) to boost the economy, especially important as the US-China trade war rumbles on.

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