COMMODITY
Gold futures settle higher as dollar firms
Jul-07-2020

Gold futures settled higher on Monday, despite strength in the stock market. Gold gained as the firmness in US currency lifted the dollar denominated bullion investments.  Lingering uncertainty over global economic recovery amid considerable spike in coronavirus buoyed the safe haven appeal of the yellow metal.

Gold futures for August settled up 0.2% at $1,793.50 an ounce on the Comex division of the New York Mercantile. Spot gold rose 0.5% to $1,783.75 per ounce.

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