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Gold futures settle near one week high rate on Thursday

22 Jul 2022 Evaluate
Rebounding from 15-month low rate, Gold futures settled near one week high on Thursday kindled by the weakness in dollar and US Treasury bond yields. Moreover safe haven appeal of the bullion got boosted due to global economic down turn fears.

Gold futures for August rose by $13.20 or 0.8% to $1713.40 ounce on the Comex division of the New York Mercantile. While, spot gold shrunk by 0.3% to $1,717 per ounce.