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Gold futures finish lower on vaccine optimism

10 Dec 2020 Evaluate
Gold futures finished lower on Wednesday, retreating from previous session’s three week high rate whetted by the risk appetite in the market counting on optimism over COVID-19 vaccine developments. Stronger dollar also weighed down on yellow metal buying.

Gold futures for February delivery rose by 1.90% or $36.40 to settle at $1838.50 an ounce on the Comex division of the New York Mercantile. Spot gold rose was little changed at $1,864.60 per ounce.