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Gold futures finish higher on weaker than expected job data

05 Aug 2021 Evaluate
Gold futures finished higher on Wednesday, with the enlarged safe haven bets followed by the weaker than expected rise in the number of US private sector payrolls last month. Moreover, weakness in dollar and a slide in US Treasury bond yields also eked the bullion investments higher.

Gold futures for December rose by $4.00 or 0.4% to settle at $1814.50 an ounce on the Comex division of the New York Mercantile. Spot gold was higher by 0.1% at $1,811.38 per ounce.