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Gold futures finish lower on Tuesday

06 Oct 2021 Evaluate
Gold futures finished lower on Tuesday, snapping fourth straight gain saddled by the firmness in dollar and US Treasury bond yields. Increased risk appetite with the optimism about a positive US Job numbers after the release of projection which showcased a rise in jobs by 4,88,000 last month. The US jobs report may act as a yard stick to glean insights on the possible timing and scope of Fed 's roll back of accommodations.

Gold futures for December rose by 0.4% at $1,760.90 an ounce on the Comex division of the New York Mercantile. Spot gold was down 0.5% at $1,760.30 per ounce.