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Gold futures finish higher on safe haven appeal

21 Jul 2021 Evaluate
Gold futures finished higher on Tuesday, buoyed by the safe haven investment appeal of the bullion with the fears about economic impact amid surging delta variant of covid infections. Moreover, lower interest rates and weakened US Treasury Bond yields also supported the upward momentum. However, strong greenback limited some gains in the yellow metal.

Gold futures for August rose by 0.1% or $2.2 to finish at $1,811.40 an ounce on the Comex division of the New York Mercantile. While, spot gold was higher by 0.1% to $1,813.82 per ounce.