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Gold futures finish higher despite dollar rebound

12 Jan 2021 Evaluate
Gold futures finished higher on Monday, with the safe haven investment appeal amid the uncertainty in global economic recovery with the covid remained untamed. The yellow metal gained despite rebound in the dollar, and a slight pickup in government bond yields.

Gold futures for February delivery rose 0.8% to settle at $1,850.80.an ounce on the Comex division of the New York Mercantile. Spot gold was down 0.1% at $1,846.61 per ounce.