Gold prices settle lower on weaker USD

Gold prices settle lower on weaker USD

Mubasher: Gold prices rose on Wednesday as the US dollar showed a mixed performance against major currencies after the midterm election results.

A decline in treasury yields helped the yellow metal return to gains, with anticipation switching to the Federal Reserve meeting on Thursday.

Gold futures for December delivery increased by 0.2% to $1,228.70 per ounce.

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