COMMODITY
Gold futures finish sharply higher as US data subdues
Jul-30-2021
Gold futures finished sharply higher on Thursday, posting near a six week high level as the dollar eased to a one month low level following weaker than expected US economic data and a dovish tone by US Federal Reserve also kindled bullion investments. Meanwhile, surging spread of highly contiguous delta variant of coronavirus around the globe and tensions over global economic recovery also boosted safe haven investment appeal of the bullion.

Gold futures for December surged by $31.20 or 1.7% to settle at $1835.80 an ounce on the Comex division of the New York Mercantile. While, spot gold was 1.3% higher at $1,830.11 per ounce.

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