COMMODITY
Gold futures settle higher for fourth straight session on Wednesday
Jan-13-2022
Gold futures settled higher for fourth straight session on Wednesday, as the US inflation reading was within expectations, and the bullion got lifted to highest rate of 2022 with the inflation hedge appeal. Meanwhile, the dollar declined to a two-month low and US benchmark 10-year yields also dipped lifting investment appeal of the yellow metal.

Gold futures for February were up 0.50% or $8.80 to settle at $1827.30 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by 0.2% to $1,825.83 per ounce.

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