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Gold futures finish lower on dollar strength

13 Jul 2022 Evaluate

Gold futures finished lower on Tuesday, after the American dollar hovered near a 20-year peak making gold more costly for buyers holding other currencies together with fed interest rate expectations. Meanwhile, investors are awaiting US monthly inflation data for clues on the Federal Reserve's monetary policy strategy.

Gold futures for August dipped by $6.9 or 0.46% to $1724.8 ounce on the Comex division of the New York Mercantile. Spot gold down by 0.1% to $1,734.97 per ounce.