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Gold futures settle higher for third straight session on Thursday

26 Aug 2022 Evaluate
Extending winning streak to third straight session, Gold futures settled higher on Thursday despite firmness in dollar. Safe haven appeal of the bullion amid woes over global economic health and cautiousness ahead to Friday’s Jerome Powell's speech at the annual Jackson Hole economic symposium also added gains in yellow metal futures.

Gold futures for December edged higher by $9.90 or 0.6% to $1771.40 ounce on the Comex division of the New York Mercantile. Spot gold climbed by 0.2% to $1,754.43 per ounce.