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07-Dec2018

Gold futures trade tad higher on Thursday

Gold futures trade marginally higher on Thursday, owing to a sharp correction in equity markets and a softer dollar as the investors  awaited for cues on the Federal Reserve's pace of interest-rate hikes from the US jobs data on Friday.World Gold Council reports a flip to positive inflows for gold-backed ETFs this year.

Gold futures for February delivery settled up $1, or 0.1 percent, at $1,243.60 per ounce, on the Comex division of the New York Mercantile. While, spot gold was up 0.2 percent at $1,239.44 per ounce.


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