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Gold futures settle tad higher on Tuesday

20 Sep 2023 Evaluate
Gold futures settled tad higher on Tuesday, supported by the weakness in dollar and US Treasury bond yield notes. The yellow metal for the most active contract registered its fourth straight sessional gain, at a two week high rate amid intensified bets that Federal Reserve may pause interest rate hike in the coming monetary policy meeting.

Gold futures for December delivery rose by 30 cents or 0.02% to settle at $1953.70 ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $1.05 or 0.05% at $1,930.31 per ounce.