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Gold futures end higher as dollar and bond yields weakens

17-Apr-2021 10:24 Hrs IST

Gold futures ended higher on Friday, whetted by the weakness in the US currency and the steep correction in the US Treasury yield bonds. Benchmark US bond yields hovered near a one-month low hit in the previous session, while the dollar registered second week of declines. Surging covid cases and the peaking inflation worries buoyed the yellow metal to a seven week high level in the session.Gold futures for June rose by 0.8% to settle at $1,780.20 an ounce on the Comex division of the New York Mercantile. Spot gold was 0.8% higher at $1,778.04 per ounce

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