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Gold Settles Marginally Higher

M. Ali 15 July, 2020 11:45 pm Commodities, Market Update

Gold prices increased on Wednesday, supported by a decline by the US Dollar (USD), and investors seeking safe havens.

However, the yellow metal gains were capped by the stock markets rise due to positive sentiments surrounding news about positive results for a COVID-19 vaccine.

Gold futures for August delivery rose by 40 cents, or 0.02%, to settle at $1,813.8 per ounce.

Spot gold is currently trading at 1,811.06, up by 0.20%.

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