Gold futures mark first gain in 3 sessions

Gold futures ended higher Wednesday, following back-to-back session declines. Gold may have seen some safe-haven demand brewing on further COVID lockdowns in Germany and in other parts of Europe, as well as news of a container ship temporarily blocking the Suez Canal and impacting global trade, said Jeff Wright, chief investment officer at Wolfpack Capital. He also said there was some “short covering in gold, but nothing major at present.” April gold rose $8.10, or 0.5%, to settle at $1,733.20 an ounce

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