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Gold futures settle lower on Thursday

12 Aug 2022 Evaluate
Gold futures settled lower on Thursday, though anchored above key $1800 psychological level as it retreated from previous session’s three week high rate. Some of the losses remained capped as the greenback also eased against its peers.

Gold futures for December dipped by $6.50 or 0.4% to settle at $1807.20 ounce on the Comex division of the New York Mercantile. While, spot gold flat at $1,787.57 per ounce.