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Gold futures end lower snapping seven day winning streak

30 Jan 2021 Evaluate
Gold futures ended lower on Friday, snapping seven day winning streak with some technical buying at prevailing levels and on safe haven bets with the extremely bullish stock market.  However, the yellow metal for the most active future contract logged 2.4% of monthly decline amid firmer dollar and bond yields.

Gold futures for February delivery dipped by $9.40 or 0.3% to settle at $1847.30 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.3% to $1,845.61 per ounce.