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Gold futures end lower on firmer dollar

15 Jan 2021 Evaluate
Gold futures ended lower on Thursday, as the risk appetite in the market with the Dow Johns Industrial Average peaked to an intra-day record and increased US bond yields took away safe-haven interest away from gold. Besides, a firmer dollar also dulled the yellow metal investments. However, hopes onr further US government relief to boost the economic recovery from the coronavirus pandemic limited some loses.

Gold futures for February delivery slipped by 0.2% or $3.50 to settle at $1,851.40 an ounce on the Comex division of the New York Mercantile. Spot gold was up 0.3% at $1,848.22 per ounce.

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