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Gold futures settle higher on election uncertainty

09 Oct 2020 Evaluate
Gold futures settled higher on Thursday, whetted by the safe-haven bullion bets amidst of uncertainty about the US presidential election. Anticipations about fresh fiscal stimulus measures to support the virus-stricken economy also buoyed the yellow metal investment appeal.

Gold futures for December settled 0.2% higher at $1,895.10 an ounce on the Comex division of the New York Mercantile. Spot gold was up 0.1% at $1,889.50 per ounce.