Gold futures finish higher amid stock market retreat, pullback in bond yields

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Gold futures finished higher on Thursday, benefiting from a “risk-off trade,” with investors being “cautious about the resurgence” in U.S. coronavirus cases, said Naeem Aslam, chief market analyst at AvaTrade. In addition, “we have uncertainties in relation to the election, such as who will control the Senate. This is really important because if the Senate isn’t under Democratic control, it means more challenges for the second stimulus package,” he said. December gold rose $11.70, or 0.6%, to settle at $1,873.30 an ounce.
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