Skip to main content

MoneyWorks4Me

Gold futures marks fourth straight negative settlement on Friday

23 Apr 2022 Evaluate
Gold futures marked fourth straight negative settlement on Friday, on account of firmness in dollar and bond yields. Besides, anticipations over a quicker aggressive interest rate hike by Federal Reserve also dulled bullion investments. Even though, no respite Russia-Ukraine war and soaring inflation capped some losses in the session.

Gold futures for June dipped by 0.9% or $13.90 to $1,934.06 ounce on the Comex division of the New York Mercantile. While, spot gold was down 0.9% to $1,934.06 per ounce.