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04-May2018

Gold futures settle higher on Thursday

Gold futures settled higher on Thursday, with the positive comment by Federal Reserve that the interest rate hike will be very gradual. Moreover, softened dollar and geopolitical uncertainties also backed the yellow metal investment appeal.

Gold futures for June delivery settled up $7.10, or 0.5 percent, at $1,312.70 per ounce, on the Comex division of the New York Mercantile. While, spot gold was up by 0.6 percent at $1,312.54 per ounce.


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