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Gold futures finish lower on Friday, mark 3% gain for week

03 Dec 2022 Evaluate
Gold futures finished lower on Friday, weighed down by the stronger dollar and raised interest hike expectations after hotter than expected growth in US nonfarm payroll. However, the yellow metal for the most active contract rose by 3% for the week.

Gold futures for December down by $5.6 or 0.3% to settle at $1809.60 ounce on the Comex division of the New York Mercantile. While, spot gold declined by $5.47 or 0.30% or $1,797.63 per ounce.