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Gold Prices Settle Higher and Silver Maintains Gains

Gold prices settled higher on Monday, with the trading week beginning with an increased demand for safe havens as the number of COVID-19 cases continue to increase in the US and the world.

Gold futures for August delivery increased by 0.4% and settled at $1,817.40 per ounce.

Meanwhile, silver futures for September delivery maintained their earlier gains and settled at 20.192 per ounce, their highest closing level since August 2016, after adding 2.2% or $0.43.

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