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Gold futures end lower on stronger dollar

05 Mar 2021 Evaluate
Gold futures ended lower on Thursday, saddled by the stronger dollar and rising bond yields amid US Senate is expected to begin debating President Joe Biden's $1.9 trillion coronavirus relief package on Thursday after agreeing to phase out payments to higher-income Americans. Albeit, the yellow metal for the most active contract held above the $1700 level. 

Gold futures for April delivery settled down 0.9% at $1,700.70 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.9% to $1,695.26 per ounce.

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