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Gold Closes with Modest Gains

M. Ali 5 August, 2021 3:15 am Commodities, Market Update

Gold futures finished nearly unchanged on Wednesday amid a rebound by the U.S. Dollar (USD) and an improved investors’ sentiment.

The yellow metal maintained modest gains, with front month futures gaining 40 cents, or 0.02%, to close at $1,810.50 per ounce.

A weaker than expected ADP jobs report in the U.S. provided some support to safe haven assets, led by gold, amid concerns about the pace of recovery from the coronavirus crisis, especially with the spread of the Delta variant.

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