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Gold futures settle lower for the third straight session on Monday

12 Oct 2021 Evaluate
Gold futures settled lower for the third straight session on Monday, saddled by the strength in dollar amid anticipations over US Federal Reserve’s move to curtail bond purchases. The dollar gained 0.3%, hurting gold’s appeal for those holding other currencies.

Gold futures for December dipped by 0.1% or $1.70 to settle at $1,756.80 an ounce on the Comex division of the New York Mercantile. While, spot gold was 0.1% lower at $1,754.54 per ounce.