COMMODITY
Gold futures finish near seven week high level on Thursday
Apr-16-2021
Gold futures finished near seven week high rate on Thursday, kindled by the blench in bond yields, and on concerns over rising tension of US with China and Russia. Moreover, inflation hedge appeal of the bullion after the release of US economic data also added the upside. As per reports, the yellow metal for the most active contract registered highest finish since February 25 and largest one day dollar and percentage gain since March 9.

Gold futures for June rose by 1.8% to settle at $1,766.80 an ounce on the Comex division of the New York Mercantile. Spot gold up by 1.8% to $1,766.50 per ounce.

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