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Gold risks back-to-back losses, down from recent trading near a 6-year high

June 27, 2019

Gold futures fell Thursday. heading for back-to-back losses after the haven metal scored a nearly six-year high early in the week.

The impending sideline meetings at the Group of 20 conference in Japan between U.S. President Donald Trump and his Chinese counterpart Xi Jinping held the attention of financial markets, which had been supportive for gold in recent sessions.

Analysts at Zaner Metals “suspect volatility in the gold market might begin to moderate as the market slows its profit-taking liquidation wave and waits for the outcome of the Saturday trade meeting between the U.S. and China.”

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