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Gold futures finish near nine month low level on Wednesday

04 Mar 2021 Evaluate

Gold futures finished near nine month low level on Wednesday amid higher government bond yields. Anticipation about a quick economic rebound fuelled by a swift rollout of COVID-19 vaccines has also dulled safe haven appeal of the bullion.

Gold futures for April delivery settled 1% down at $1,715.80 an ounce on the Comex division of the New York Mercantile. Spot gold was down 1.2% at $1,717.67 per ounce.