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Gold futures settle flat on Wednesday

20 Jul 2023 Evaluate

Gold futures settled flat on Wednesday, hovering near six week high level. The bullion investments got lifted with the weakness in US Treasury bond yield notes, while stronger dollar capped the gains. Meanwhile, participants keenly awaited for next week's Federal Reserve policy meeting.

Gold futures for August delivery settle flat at its previous close at $ 1980.80 ounce on the Comex division of the New York Mercantile. Spot gold rose by $8.53 or 0.43% at $1,985.17 per ounce.