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Gold futures finish tad lower on stronger dollar

22 Jun 2022 Evaluate
Gold futures finished slightly lower on Tuesday, as the firmness in the dollar and US treasury bond yields pressured green back denominated, non-yielding yellow metal investments. Additionally, lifted risk appetite in the market as the US market reopened after a long weekend also saddled investments. However, persisting worries about global economic health limited losses.

Gold futures for August lower by $1.80 or 0.1% to settle at $1838.80 ounce on the Comex division of the New York Mercantile. Spot gold dipped by 0.3% to $1,832.77 per ounce.