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Gold Settles at Highest Level in Three Weeks

M. Ali 9 December, 2020 1:24 am Commodities, Market Update

Gold prices rose on Tuesday for the second consecutive session, amid the decline in the US treasury yields and despite a rise by the US Dollar (USD) and renewed hopes for a new government stimulus package in the United States.

Gold futures for February delivery added $8.90, or 0.5%, and closed at $1,874.90 per ounce.

This is the highest closing level for the yellow metal most active futures since November 17.

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