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Gold Settles at Week-High

M. Ali 27 October, 2020 11:03 pm Commodities, Market Update

Gold prices closed higher on Tuesday, as the US Dollar (USD) declined across the board amid selling pressures, while demand for safe havens remained high amid worries about another wave of the COVID-19 pandemic.

Gold futures for December delivery rose by $6.20, or 0.3%, and finished at $1,911.90 per ounce.

This is the highest closing level for the yellow metal futures since October 21.

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