Gold futures settled lower on Friday, pressured by the firmer greenback and stronger bond yields and on profit booking at prevailing levels. Gold for the most active contract posted a dip of 0.7% for the week after 4 consecutive weeks of gains.
Gold futures for August dipped by 0.2% or $3.60 to settle at $1,801.80 an ounce on the Comex division of the New York Mercantile. While, spot gold fell 0.3% to $1,800.72 per ounce.