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Gold futures trade higher in early deals on Thursday

02 Jan 2025 Evaluate

Gold futures traded higher in early deals on Thursday, buoyed by the weakness in dollar and on dip in US Treasury bond yield notes. Moreover, hopes over continued interest rate cuts, lingering geopolitical tensions and surge in central bank purchases also continued to support yellow metal investments.

Gold futures for February delivery up by $3.70 or 0.14% to $2,644.70 ounce on the Comex division of the New York Mercantile. Spot gold rose by $8.17 or 0.31% to settle at $2,632.67 an ounce.


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