BusinessDay
Nigeria's leading finance and market intelligence news report.

Dousing trade tension takes glitter out of gold

…Big US banks turn bearish as bullion suffers worst week in 3yrs

While waning trade tension is expected to bring relief to global markets and economies, already weighed by gloomy forecast, gold bulls are not excited about a truce as fortune change for safe-haven assets which had benefitted from trade-induced global uncertainties. Gold dropped 3.7 percent last week to $1,462.5 on the spot market Friday, delivering its…



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