At CNBC: Upbeat US data may erode gold’s gains

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Upbeat US data may erode gold’s gains

by Sri Jegarajah, CNBC

Quote:

Russia would respond to the latest sanctions, said Edmund Moy, former director of the U.S. Mint. Though such escalation “might be bad for the world,” it would trigger rotation into safe-haven assets, benefitting gold, said Moy, who holds a bullish view on the market this week.

Read the full story at CNBC.com.

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