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18-Dec2018

Gold futures end higher on Monday

Gold futures marked one week high on Monday, as US currency eased ahead to Federal Open Market Committee (FOMC) Meeting. Moreover, increased risk aversion in investors amid uncertainty around concrete trade developments between the US and China dulled global stock markets, triggering upside momentum in bullion rate. The contract settled at its highest since December 7.

Gold futures for February delivery settled up 0.8 percent at $1,251.80 per ounce, on the Comex division of the New York Mercantile. Spot gold up 0.6 percent at $1,246.10 per ounce.


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