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Yes: If physical distance is the literal meaning of 'quite close', then figurative distance is the metaphorical meaning of 'quite close'.
There is some overlap though, as the words 'farther' is correctly used to indicate physical distance, and the word 'further' is correctly used for figurative distance. However, many people use the two words incorrectly.
The reason for the overlap is that some figurative examples are physical too. For example, if one is 'quite close' to finishing a book, then the writing has a physical end as well as a figurative end.