Gold futures settled lower on Friday, as the stronger US Treasury bond yields and anticipations over aggressive monetary policies by the US Federal Reserve to cope up inflation pressured yellow metal investments. Although, the precious metal for the most active contract registered gain of 1.3% for the week.
Gold futures for April dipped by 0.4% to settle at $1,954.20 on the Comex division of the New York Mercantile. While, spot gold fell by 0.3% to $1,952.60 per ounce.