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Gold futures finish lower despite weaker dollar

28 Jun 2022 Evaluate
Gold futures finished lower on Monday, due to caution ahead to European Central Bank’s key monetary policy announcement. Higher interest rates dull the investment appeal of the non-yielding bullion. However, weaker dollar and an easing US Treasury Bond yields limited some losses.

Gold futures for August narrowed $5.50 or 0.30% to $1824.80 ounce on the Comex division of the New York Mercantile. Spot gold was flat at $1824.51 per ounce.