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Gold rises 1% on flight to safety driven by pandemic fears

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Gold rose on Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support.

[WASHINGTON] Gold rose on Wednesday as fears over a worsening coronavirus pandemic triggered a flight to safety, with expectations of further monetary easing by central banks adding support.

Spot gold rose 1 per cent to US$1,587.31 (S$2,271) per ounce by 0605 GMT, having slumped 3.1 per...

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