Gold futures finished slightly lower on Tuesday retreating from the intraday high of $1,797.60. The yellow metal posted first loss in three sessions followed by the report from US Labour Department for the month of July that US created 943,000 jobs signalling economic rebound is in right pace and can trigger a monetary stimulus tightening by the Federal Reserves. However, concerns surrounding faster spread of covid delta viral infections capped some losses.
Gold futures for December down by 0.1% or $2 to settle at $1787.80 an ounce on the Comex division of the New York Mercantile. While, spot gold dipped by 0.14% to $1,784.75 per ounce.