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Gold futures settle slightly lower on US economic data

22 Jan 2021 Evaluate
Gold futures settled slightly lower on Thursday, as the safe haven appeal of the bullion got dulled with the upbeat US economic data and on profit taking after previous session’s two-week high rate.

Gold futures for February delivery down by 0.1% or $6.00 to settle at $1865.90 an ounce on the Comex division of the New York Mercantile. Spot gold was little changed at $1,871.19 per ounce.