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Gold Oct '19 (GCV19)

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[[ timeframe ]] futures price quotes as of Fri, Jul 3rd, 2020.
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Gold Futures Market News and Commentary

Precious Metals Close Higher on Coronavirus Concerns

Aug Comex gold (GCQ20) on Thursday closed up +10.1 (+0.57%), and Sep silver (SIU20) closed up +0.104 (+0.57%).

Precious metals prices on Thursday recovered from early losses and closed higher on concern that the acceleration of coronavirus infections will force states to maintain at least partial lockdowns. Gold prices early Thursday fell on the better-than-expected U.S. payroll report, but recovered their losses and moved higher.

Gold posted moderate gains Thursday on elevated coronavirus concerns. The U.S. on Wednesday reported that new virus infections climbed by a record 51,374, up +1.95% from Tuesday and the fastest daily growth rate since May. The pandemic continues to dampen the U.S. and global economies. Confirmed cases of the virus have risen above 10.834 million globally, with deaths exceeding 519,000.

Gold prices retreated briefly Thursday morning after U.S. June non-farm payrolls rose +4.8 million, stronger than expectations of +3.23 million, and the... Read more

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