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Gold futures end lower on strong dollar

12 Nov 2020 Evaluate
Gold futures ended lower on Wednesday weighed down by the increased risk appetite in the market and a strong dollar amidst of the hopes for a quick economic rebound in tandem with optimism surrounding a potential COVID-19 vaccine.

Gold futures for December delivery dipped by $14.80 or 0.79% to settled at $1861.60 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.8% at $1,861.96 per ounce.