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Gold futures settle above 1,500 USD on safe-haven buying

CHICAGO
2019-12-25 05:39

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CHICAGO, Dec. 24 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange on Tuesday settled above 1,500 U.S. dollars an ounce, for the first time in about seven weeks, as defensive position ahead of the Christmas holiday buoyed safe-haven appeal for the metal.

The most active gold contract for February delivery added 16.1 U.S. dollars, or 1.08 percent, to close at 1,504.8 dollars per ounce.

Gold futures trading on COMEX will be closed on Wednesday for the Christmas holiday.

As for other precious metals, silver for March delivery went up 35.4 cents, or 2.02 percent, to close at 17.853 dollars per ounce. Platinum for January delivery rose 4.4 dollars, or 0.47 percent, to settle at 942.8 dollars per ounce.
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