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Gold futures finish lower on stronger dollar

01 Jun 2022 Evaluate
Gold futures finished lower on Tuesday, as the firmer dollar and US Treasury bond yields saddled investment appeal of the non-yielding bullion. Even though, surging inflation and global economic heath concerns capped some losses in the session.

Gold futures for August fell by 0.5% or $8.90 to settle at $1848.40 ounce on the Comex division of the New York Mercantile. Spot gold dipped by 0.5% at $1,847.50 per ounce.