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Gold Finishes Lower as USD Rises

M. Ali 22 October, 2020 11:44 pm Commodities, Market Update

Gold prices declined on Thursday as the US Dollar (USD) showed signs of recovery from its decline yesterday.

In addition, remarks suggesting a near agreement for a new stimulus package in the United States supported risk appetite among investors and reduced demand for safe havens.

Gold futures for December delivery closed lower by $24.90, or 1.3%, at $1,904.60 per ounce.

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