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Gold futures trade lower in early deals on Monday

20 Dec 2021 Evaluate
Gold futures traded lower in early deals on Monday, retreating from previous session’s gains with the technical selling at prevailing rates. However, the yellow metal held above the key $1800 benchmark as the daily infected cases in Europe surging to 10000 and death tolls to 7 lifted some safe haven bullion investments. The yellow metal for the most active contract had marked a gain of 1.1% for the week.

Gold futures for February were down 0.2% at $1,801.50 an ounce on the Comex division of the New York Mercantile. Spot gold rose by 0.2% at $1,800.42 per ounce.

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