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Gold futures end higher as dollar slides

09 Sep 2020 Evaluate
Gold futures ended higher on Tuesday on softer dollar and on safe haven appeal of the bullion after equities contracted considerably amid intensified geo-political tensions. The upcoming US presidential elections, the pandemic, and currency dislocation are also lifting yellow metal investments.

Gold futures for December delivery settled up 0.5% at $1,943.20 an ounce on the Comex division of the New York Mercantile. Spot gold rose 0.4% to $1,936.87 per ounce.