COMMODITY
Gold futures settle lower on better than expected US economic data
Jan-17-2020

Gold futures settled lower on Thursday , as the better than expected US economic data buoyed optimism over global economic health and dulled safe heaven bullion investments. Moreover, stronger dollar made the dollar denominated yellow metal costlier and weighed down the bullion buying further.

Gold futures for February US gold settled down 0.2% at $1,550.50 per ounce on the Comex division of the New York Mercantile. While, spot gold fell 0.3% to $1,551.53 per ounce.

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