Gold prices of precious metal verge on erasing year’s gains as investors hopeful for global growth seek riskier assets
Gold is threatening to erase all of its gains for 2019, the latest signal that rising confidence in the world economy is pushing investors away from assets typically considered safe.
Prices of the metal have fallen more than 4% since hitting a 10-month high in February and are close to where they started the year. The drop is a sign of market optimism because investors tend to favor the safe-haven metal during times of heightened geopolitical uncertainty.
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