COMMODITY
Gold futures end lower as risk appetite picks up
Jul-02-2020

Gold futures ended lower on Wednesday, retreating from the highest finish in nearly nine years in the earlier session, as the risk appetite spurred with the hopes for a potential COVID-19 vaccine buoying the equity market and dulling safe haven bullion investments. Technical correction and upbeat US data also dragged the yellow metal down from its $1800 level.

Gold futures for August settled down 1.1% at $1,779.90 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.6% to $1,770.57 per ounce.

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