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Gold futures settle lower as stimulus hopes dim

05 Nov 2020 Evaluate
Gold futures settled higher on Wednesday on hopes for a larger US corona relief aid dimmed as the Republicans are likely to win. The Democrats appeared to be falling short in their attempts to take control of the US Senate boosted dollar investments as the perceived safe-haven pressurising the yellow metal.

Gold futures for December delivery diminished by 0.7% to settle at $1,896.20 an ounce on the Comex division of the New York Mercantile. Spot gold diminished 0.7% to $1,896.02 per ounce.