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Gold futures finish higher for third straight session on Thursday

16 Jul 2021 Evaluate
Gold futures finished higher for a third straight session on Thursday. The safe-haven appeal of the bullion amid worries of the continued spread in contiguous delta variant of Corona virus infection and the inflation hedge appeal with the surge in consumer price index readings supported the yellow metal. However, the rise in the greenback limited gains. The yellow metal for the most active contract marked the highest settlement since June 16.

Gold futures for August rose by 0.2% or $4.00 to settle at $1829.00 an ounce on the Comex division of the New York Mercantile. However, spot gold was flat at $1,829.14 per ounce.