Gold futures end lower on Thursday, as the investment appeal of the bullion dimmed after Federal Reserve Chairman Jerome Powell affirmed Central banks stance to continue interest rate hikes. Moreover, risk appetite in the market got boosted after US initial jobless claims dipped last week to a three-and-a-half-month low level.
Gold futures for December declined by $7.60 or 0.6% to settle at $1720.20 ounce on the Comex division of the New York Mercantile. While, spot gold was down by 0.5% to $1,692.99 per ounce.