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Gold futures end lower for third straight session on economic recovery optimism

26 Feb 2021 Evaluate
Gold futures ended lower for third session on Thursday as the better than expected US weekly jobs data, recent rise in real rates and surge in government bond yields pointed healthy signs of growing optimism about the global economic recovery and dulled the investment appeal of the non-yielding bullion.

Gold futures for April delivery fell by 1.3% or $22.50 to $1,775.40 an ounce on the Comex division of the New York Mercantile. Spot gold down 1.8% at $1,772.86 per ounce.

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