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Gold Falls But Remains Elevated Amid U.S.-China Trade Tensions


Gold futures fell 1.36% to $3,302.90 a troy ounce but remained up more than 25% year-to-date.

Gold continues to benefit from safe-haven demand as investors seek protection from global trade fragmentation and deteriorating confidence in policy stability, market analyst at XS.com Linh Tran wrote.

Gold closed up 1.87% on Thursday as optimism that U.S.-China trade tensions are easing faded, Tran added.

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