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Gold loses its shine

Gold loses its shine

The gold price fell to a 20-month low this week, in the latest sign that investors have fallen out of love with the safe-haven asset. At $1,187 (936) an ounce, the yellow metal is at its lowest level since the end of 2016, when investors piled into risk assets after Donald Trump’s election. In dollar terms, silver has fared even worse; at $14.80 an ounce, the metal was last this cheap two and a half years ago, although given the pound’s weakness against the greenback, both gold and silver have held up better in sterling terms.

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