Central Banks Dump Gold for the First Time Since 2010, Precious Metal Drops 9% Since August High

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Central Banks Dump Gold for the First Time Since 2010, Precious Metal Drops 9% Since August HighA few central banks have started selling tons of gold for the first time since 2010 in order to ease the financial suffering from the Covid-19 pandemic. At $1,875 per ounce, gold prices are down -9.63% since the commodity’s high of $2,075 on August 6. Even though gold has dropped significantly in value in contrast […]

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