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Gold futures settle tad higher ahead to Fed decision

26 Jul 2023 Evaluate
Gold futures settled slightly higher on Tuesday, kindled by the safe haven appeal amid caution ahead to Wednesday’s monetary policy meeting. Moreover, weaker US Treasury bond yield notes also supported investment appeal of the yellow metal. However, stronger dollar capped some gains as it makes the green back denominated bullion costlier for third currency holders.

Gold futures for August delivery rose by $1.50 or 0.07% settle flat at its previous close at $1963.70 ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $1.02 or 0.05% at $1,963.94 per ounce.