COMMODITY
Gold futures settle higher as dollar softens
Jul-03-2020

Gold futures settled higher on Thursday, owing to the softness in the dollar which made the bullion cheaper for other currency holders. The yellow metal gained despite the upbeat US economic data that created hopes for faster economic recovery.

Gold futures for August settled up 0.6% at $1,790 an ounce on the Comex division of the New York Mercantile. While, spot gold rose 0.4% to $1,777.04 per ounce.

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