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Gold futures settle at highest rate over a week as bonds weakens

17 Aug 2021 Evaluate
Gold futures settled higher in early trades of Monday marking the peak rate over a week, kindled by the safe haven bullion bets amid rapid spread of delta covid infections around the globe weighing down the pace of global economic recovery. Moreover retreat in the US Treasury bond yields by about a week low also supported yellow metal investments.

Gold futures for December rose by  0.7% or $11.60 to settle at $1,789.80 an ounce on the Comex division of the New York Mercantile. While, spot gold rose 0.4% to $1,786.29 per ounce.