Gold dipped on Thursday from a near 2% rally in the previous session. Picture: BLOOMBERG
“The market is probably more inclined to take profit on gold, simply because they are nearing the highs of the recent range,” said Stephen Innes, chief market strategist at financial services firm AxiCorp. Asian stock markets rose on Thursday as the combination of a rebound in crude prices from historic lows and the promise of more US government aid to cushion the coronavirus-ravaged economy helped calm nervous markets.
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