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Gold futures settle lower for the fifth straight session, marks 2.9% weekly dip

20 Aug 2022 Evaluate
Gold futures settled lower for the fifth consecutive session on Friday as the headwinds dollar and treasury bond yields firmed dulling investment appeal of the bullion. The yellow metal for the most active contract is down by 2.9% for the week.

Gold futures for December dipped by $8.30 or 0.5% to settle at $1762.90 ounce on the Comex division of the New York Mercantile. While, spot gold was down by 0.3% to $1,753 per ounce.