Gold futures stage partial rebound from lowest level in over a week

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Gold futures climbed Thursday, recouping a portion of the losses suffered a day earlier that pushed prices to their lowest in more than week. Prices for the metal rose “on hopes of a partial U.S. coronavirus stimulus deal to support the virus-stricken economy,” analysts at ICICI Bank said in a note. “However, prevalent risk-on mood had undermined the prospect of further gains” for the metal, they said. December gold rose $4.30, or 0.2%, to settle at $1,895.10 an ounce. Prices settled at $1,890.80 on Wednesday, the lowest most-active contract settlement since Sept. 28, according to FactSet data.
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