COMMODITY
Gold futures finish lower on technical correction
Jul-10-2020

Gold futures finished lower on Thursday, on back of technical correction after the yellow metal peaked to nine years high level in the previous session with the concerns over spiking coronavirus pandemics. Further, stronger dollar also curtailed gold investments. Although, the bullion metal held ground above $1,800 an ounce after data showed weekly US jobless claims remained well above one million.

Gold futures for August settled down 0.9% at $1,803.80 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.6% to $1,799.23 per ounce.

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