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Gold futures settle lower ahead of Fed meeting minutes

17 Aug 2022 Evaluate
Extending previous session's losses, Gold futures settled lower on Tuesday ahead to the Federal Reserve meeting minutes which is ought to release today. Moreover, firmer US Treasury bond yields dulled investment appeal of the non-yielding bullion.

Gold futures for December dipped by $8.40 or 0.4% to settle at $1789.70 ounce on the Comex division of the New York Mercantile. Spot gold declined by $3.69 or 0.2% to $1,775.82 per ounce.