Gold futures settled lower snapping fourth straight sessional gain on Friday, weighed down by the strength in bond yields and dollar amid global economic rebound optimism. Profit booking at prevailing levels also dragged the yellow metal further. However, gold for the most active contract logged fourth straight weekly gain of about 0.2% .
Gold futures for August dipped by 0.8% or $14.00 to settle at $ 1815.00 an ounce on the Comex division of the New York Mercantile. While, spot gold dropped 0.8% to $1,814.11 per ounce.