Gold futures finished lower on Tuesday, pressured by a stronger dollar and as the bullion investors side-lined ahead to the US Fed chief Jerome Powell’s testimony for cues on monetary policy. Gold futures for the most active contract posted third decline in four sessions.
Gold futures for August fell by 0.3% or $5.5 to settle at $1,777.40 an ounce on the Comex division of the New York Mercantile. While, spot gold fell 0.3% to $1,778.53 per ounce.