Gold prices post a modest loss on risk-on sentiment

Gold futures settled slightly lower on Thursday, as U.S. benchmark stock indexes traded higher and Treasury bond yields strengthened, dulling demand for the haven precious metal. Hopes for President-elect Joe Biden’s coronavirus relief plan fueled a “risk-on attitude,” said David Madden, market analyst at CMC Markets UK. February gold
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lost $3.50, or 0.2%, to settle at $1,851.40 an ounce.