COMMODITY
Gold futures settle higher for fourth session in row on Wednesday
Jul-09-2020

Gold futures settled higher for fourth session in a row on Wednesday, on safe haven investments and on prospect of a lengthy period of government and central bank stimulus to support economies harmed by corona virus infections. High volatility in stocks, currencies, and low rates have lifted the yellow metal investments. Bullion for the most-active contract in the session logged its highest in nearly nine years.

Gold futures for August settled 0.6% higher at $1,820.60 an ounce on the Comex division of the New York Mercantile. Spot gold rose rallied 0.9% to $1,811.01 per ounce.

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