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Gold futures end higher on more stimulus hopes

08 Jan 2021 Evaluate

Gold futures ended higher on Thursday on anticipation of more monetary and fiscal stimulus under the US Democrat-led administration. Though, firm dollar and higher US Treasury yields making precious metals less attractive for other currency holders and capping gold’s gains.

Gold futures for February delivery gained 0.3% to settle at $1,913.60 an ounce on the Comex division of the New York Mercantile. Spot gold fell by 0.3% at $1,913.87 per ounce.