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Aug. 12, 2020, 1:43 p.m. EDT

Gold futures settle higher after a more than 4% loss a day earlier

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By Myra P. Saefong

GCZ20

Gold futures settled higher on Wednesday, recouping a small portion of the more than 4% loss they suffered a day earlier. U.S. Treasury yields continued to strengthen, but traded off the day's highs, while the dollar edged lower, providing some support for gold, which is traded in the greenback. December gold /zigman2/quotes/210039572/delayed GCZ20 +0.97% rose $2.70, or 0.1%, to settle at $1,949 an ounce.

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Gold settles higher, a day after losing more than 4%

/zigman2/quotes/210039572/delayed
US : U.S.: Nymex
$ 1,900.60
+18.30 +0.97%
Volume: 184,296
Sept. 29, 2020 12:53p
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