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Goldplat plc

Gold gains as dollar weakens

Gold prices edged up on Monday as the U.S dollar hovered near a two-week low touched in the previous session, while coronavirus lockdowns tightened across the world and stoked fears of economic damage, lifting demand for safe-haven bullion.     

FUNDAMENTALS

* Spot gold was up 0.3% at $1,621.85 per ounce, as of 0029 GMT. U.S. gold futures rose 1% to $1,641.80. 

* The dollar was holding close to its lowest since March 17, touched on Friday, making gold cheaper for investors holding other currencies.

Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.