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Gold prices hit fresh 7-year highs on rising coronavirus infections

By: Invezz

Gold prices rose to nearly $1,790 an ounce for the first time since 2012. Investors have turned to the yellow metal amid the surge in new coronavirus cases worldwide.  Fundamental analysis: Record daily increase in new infections Fresh concerns over the rising number of new COVID-19 infections worldwide have facilitated a higher interest in safe-haven assets. The demand for the yellow metal has surged after the world witnessed the highest number of new infections in a single day.  On Friday, the number of infections rose over 11 million, with more than half a million dead. In the United States, the

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