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Gold futures end lower on improved risk appetite

16 Sep 2021 Evaluate

Gold futures ended lower on Wednesday as risk appetite improved after eased inflation readings raised doubts about US federal reserve’s timeline to begin asset purchasing. However, weakness in the US dollar capped further fall in gold prices.

Gold futures for December delivery fell $12.30, or 0.7%, to settle at $1,794.80 an ounce on the Comex division of the New York Mercantile.