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Gold futures finish below $1800 mark on Monday

21 Dec 2021 Evaluate

Gold futures finished below key benchmark $1800 on Monday, with some technical selling after previous session’s gain with the onset of Christmas week trade. Besides, prospects of interest rate hike by the US Federal Reserve also dulled precious metal’s investment lustre. However, market was not bearish with the yellow metal amid soaring Omicron infections worldwide and the ongoing woes over global economic health.

Gold futures for February shrunk by 0.6% to settle at $1,794.60 an ounce on the Comex division of the New York Mercantile. Spot gold was dipped by 0.2% to $1,793.33per ounce.

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