Gold futures finished lower on Thursday, falling back from previous session’s $1900 key rate as the better than expected US economic data dulled the lustre of safe haven bullion. The US economy registered better than expected improvement for the first Quarter and also marked an upbeat job number indicating that world’s largest economy is on track of the economic rebound.
Gold futures for August slipped by 0.3% or %5.30 to settle at $1,898.50 an ounce on the Comex division of the New York Mercantile. While, spot gold was little changed at $1,896.76 per ounce