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Gold futures settle higher on Friday, rises 1.4% for the week

23 Jul 2022 Evaluate
Extending previous sessional gains, Gold futures settled higher on Friday and marked first weekly gain in 6 weeks, rose by 1.4% as dollar eased against its major rivals making the greenback denominated bullion cheaper for other currency holders.

Gold futures for August dipped by $14 or 0.8% to $1727.40 ounce on the Comex division of the New York Mercantile. While, spot gold was unchanged at $1,717 per ounce.