Gold futures finished lower on Friday, as the strength in dollar and bond yields dulled investment appeal of the bullion. Moreover, safe haven appeal of the bullion dimmed after US job data came better than expected. The US jobless rate dipped to pre-pandemic levels albeit two consecutive dip in GDP. The yellow metal for the most active contract retreated from previous session’s one month high rate and fell below key $1800 level.
Gold futures for August declined by $15.70 or 0.90% to settle at $1791.20 ounce on the Comex division of the New York Mercantile. While, spot gold dipped by 0.92% to $1,774.97 per ounce.