Gold futures finished lower on Friday, pressured by the firmer dollar and bond yields. The yellow metal investment also dulled as Fed raised interest rate, increasing opportunity cost of the bullion. Gold for the most active dipped about 1.9% for the week, marking sharpest weekly loss.
Gold futures for August slipped by $9.30 or 0.5% to settle at $1840.60 ounce on the Comex division of the New York Mercantile. While, spot gold fell 0.7% to $1,844.25 per ounce.