Gold futures settled lower on Thursday retreating from a one week high rate with the hiked risk appetite in the market pulled equities higher and dulled the safe haven appeal of the bullion. Subdued worries on quick interest rate raise also curtailed yellow metal investments.
Gold futures for August jumped about 0.4% lower at $1,776.70 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.1% to $1,776.65 per ounce.