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Gold futures finish lower on Friday

23 Jan 2021 Evaluate
Gold futures finished lower on Friday, weighed down by some profit booking at prevailing higher rates and on curtailed buying with the stronger dollar. However, the yellow metal for the most active contract marked gain of about 1.4% for the week, in midst of expectations over larger monetary aid under newly inaugurated President Joe Biden.

Gold futures for February delivery slipped by 0.5% or $9.70 to settle at $1,856.20 an ounce on the Comex division of the New York Mercantile. Spot gold was down by 0.8% at $1,885.23 per ounce.