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Gold was up on Tuesday morning in Asia and looked set to close the second quarter of the year with its biggest quarterly advance since 2016.
There are over 10.2 million cases globally as of June 30, according to Johns Hopkins University. The World Health Organization also issued a grim warning that the world could still see the worst of the pandemic due to a lack of global cooperation.
Investors will also be looking to U.S. Federal Reserve Chair Jerome Powell’s testimony before the House Financial Services later in the day for clues on further stimulus measures. But Powell warned on Monday that U.S. recovery from the virus was contingent on containing the virus as well as U.S. government measures.