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Gold futures finish higher as dollar slides

06 Jan 2021 Evaluate
Gold futures finished higher on Tuesday, lifted by the softer dollar and on safe haven bets with the still lingering worries over covid19 and the global economic damages due to it. However, gains remained capped as the market got cautious ahead to the results of two Senate runoff races in the state of Georgia, that are expected to determine the balance of power in Washington.

Gold futures for February delivery added 0.23% or $7.80 to settle at $1954.40 an ounce on the Comex division of the New York Mercantile. Spot gold rose 0.5% to $1,951.52 per ounce.

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