Gold futures finished lower on Monday, pressured by the hawkish Federal Reserve stance to tackle the economic inflation. However, accelerating unrest in China against the unprecedented covid lockdowns capped some losses in the session.
Gold futures for December dipped by $13.7 or 0.8% to settle at $1740.30 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $8.27 or 0.47% or $1,749.63 per ounce.