COMMODITY
Gold futures finish higher on safe-haven appeal amid Evergrande woes
Sep-21-2021
Gold futures finished higher on Monday, posting first gain in four sessions as the risk aversion in the market followed by the report on big financial trouble in Chinese property developer Evergrande lifted safe haven appeal of the bullion. Speculators are also wary that the hefty liquidation in global stock and financial markets associated with the fears on contagion, might affect the Fed’s discussion on the timing of tapering its bond-buying program. However, stronger dollar limited further gains.

Gold futures for December jumped by $12.4 or 0.7% to settle at $ 1763.80 an ounce on the Comex division of the New York Mercantile. Spot gold was steady at $1,763.60  per ounce.

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