SHANGHAI – Gold futures closed higher Thursday in daytime trading on the Shanghai Futures Exchange.

The most active gold contract for December 2020 delivery was up 8.62 yuan ($1.24) to close at 447.56 yuan a gram.

The total trading volume for eight listed gold futures contracts on the exchange was 351,706 lots, with a turnover of about 156.8 billion yuan.

China launched gold futures in January 2008.

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