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Gold futures finish near four month low rate on stimulus tapering bets

10 Aug 2021 Evaluate
Gold futures finished near four month low rate on Monday, weighed down by a stronger dollar and on the bearish position-taking counting on increased chances for an early tapering of the economic stimulus measures by the Federal Reserve in the wake of stronger than expected US job data. 

Gold futures for December traded lower 2.1% to $1726.50 ounce on the Comex division of the New York Mercantile. While, spot gold fell 2.3% to $1,722.06 per ounce.