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Gold Settles Higher on Thursday

M. Ali 2 July, 2020 11:05 pm Commodities, Market Update

Gold prices increased on Thursday with the rising number of cases with the coronavirus disease (COVID-19) pushing demand for safe havens, despite news of successful attempts at developing an effective vaccine and signs of economic recovery.

Gold futures for August delivery increased by $10.10, or 0.6%, and closed at $1,790 per ounce.

Spot Gold increased by $6.60 or 0.37% to trade at $1,777.19.

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