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Gold futures end lower on firmer dollar

30 Oct 2020 Evaluate
Gold futures ended lower on Thursday, retraced with some profit booking and as the bullion investments dulled with the now perceived safe-haven dollar investments amid the mounting worries over spiking covid cases in the United States and Europe, potential restrictive measures and on pre-election jitters. Besides, better than expected third quarter US economic data also weighed on yellow metal investments.

Gold futures for December delivery settled lower $11.20, or 0.6% at $1,868.00 an ounce on the Comex division of the New York Mercantile. Spot gold was down $6.90, or 0.4%, at $1,870.17 per ounce.