Gold futures marked third consecutive negative finish on Thursday, pressured by the increased risk appetite in the market. Additionally, strength in US Treasury Bond Yields amid hopes over hawkish Federal Reserve monetary policy also kindled yellow metal buying. However, weakness in dollar and safe haven bets with the lingering Ukraine-Russia war capped some loss in the session.
Gold futures for June dipped by 0.4% or $7.40 to settle at $1948.20 ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.4% at $1,948.97 per ounce.