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Gold Finishes Lower for First Time This Week

M. Ali 9 December, 2020 11:56 pm Commodities, Market Update

Gold prices declined for the first time this week, after two consecutive rises, as both the US Treasury yields and the US Dollar (USD) rose on Wednesday.

In addition, positive news about Coronavirus vaccines are limiting demand for safe havens.

Gold futures for February delivery decreased by $36.40, or 1.9%, to settle at $1,838.50 per ounce.

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