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Gold futures settle lower for second straight session on Thursday

03 Sep 2021 Evaluate
Gold futures settled lower for second straight session on Thursday despite weaker dollar and sliding bonds. Market’s reluctance to pit big bets ahead to August US jobs data kept the yellow metal in check. Investors widely anticipate that US labour report which is due on Friday, might bestow insight on time period US Federal Reserve take to curtail liquidity.

Gold futures for December dipped by 0.2% or $2.10 at $ 1811.50 an ounce on the Comex division of the New York Mercantile. Spot gold was down 0.1% at $1,812.55 per ounce.