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Commodity News Details
Gold Consolidates Just Under One Week high
31-May-2024 17:31
COMEX Gold futures stayed largely supported today as equities turned in a choppy performance and markets remained focused on release of the US Personal Consumption Expenditure data for May 2024.Gold currently trades at $2356 per ounce, almost unchanged on the day as global geopolitical worries supported the metal after prices fell to two week low in last week. German government has announced that it will give Ukraine permission to use weapons supplied by Germany against military targets in Russia. This kept Gold afloat after the metal hit near one week high above $2470 per ounce yesterday.

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