Gold futures settle higher to mark a partial rebound from recent losses

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Gold futures edged up on Thursday to recoup a portion of their loss of more than 2% in the previous session. “Gold is consolidating between $1,900 and $1,950 but eventually the prospects of more monetary and fiscal stimulus should have the bullish trend reassert itself,” said Edward Moya, senior market analyst at Oanda. February gold rose $5, or 0.3%, to settle at $1,913.60 an ounce following a decline of 2.3% on Wednesday.
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