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Gold futures settle lower on stronger dollar

11 May 2022 Evaluate

Gold futures settled lower on Tuesday, weighed down by stronger US dollar ahead the of much expected U.S. inflation data for further cues on the Federal Reserve's monetary policy path. However, retreat in US Treasury bond yields capped some losses in the yellow metal.

Gold futures for June dipped $17.6 to settle at $ 1841.0 per ounce on the Comex division of the New York Mercantile. Spot gold slipped 0.4% at $ 1,845.89 per ounce.