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Gold futures settle higher for the fourth straight session

02 Aug 2022 Evaluate
Gold futures settled for the fourth straight session on Monday, marking the longest winning streak in 2 months kindled by the safe haven appeal of the bullion amid global recession woes. Additionally, fading fears over hawkish US Federal Reserve also buoyed yellow metal investments.

Gold futures for August rose by $5.90 or 0.30% to $1769.00 ounce on the Comex division of the New York Mercantile. While, spot gold was up 0.08% at $1,773.50 per ounce.