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Gold Settles Lower but Maintains $1,800-Level

M. Ali 10 July, 2020 12:17 am Commodities, Market Update

Gold prices settled lower on Thursday, as the US Dollar strengthened and was supported by strong economic data.

Gold futures for August delivery decreased by about 1% or $16.80 and closed at $1,803.80 per ounce, maintaining the $1,800-level.

On Wednesday, the precious metal futures closed at their highest level since mid-September 2011.

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