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Gold rises as inflation concerns continue

Chicago, May 24 (Xinhua)-Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as inflation concerns continued.

The most active gold contract for June deliveries rose $ 7.8 (0.42%) and closed at $ 1,884.5 per ounce.

This is the most active contract settlement since January 7th.

Gold also supported a weaker US dollar and lower US Treasury yields.

The turmoil of crypto assets like Bitcoin can also give some support to gold as speculative capital flows back into it.

Silver delivered in July rose 41.9 cents (1.52%) and closed at $ 27.905 per ounce. Platinum delivered in July rose $ 8.2 (0.7%) and closed at $ 1,177.6 per ounce.

Gold rises as inflation concerns continue

Source link Gold rises as inflation concerns continue

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