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Gold settles lower as USD strengthens

Gold settles lower as USD strengthens

Mubasher: Gold prices declined on Thursday, on the back of a rising US dollar and treasury yields.

US unemployment claims declined 1,000 week-on-week to 214,000 claims in the week ended 3 November, data released earlier revealed.

Gold futures for December delivery fell by 0.3% to 1,225.10 per ounce.

Spot gold also went down by 0.2% nearing $1,224.4 an ounce near the end of today’s session.