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Gold futures finish lower ahead to inflation data

13 Dec 2022 Evaluate

Gold futures finished lower on Monday, snapping four straight- session gain, as the investment appeal of the bullion got dulled ahead to November US CPI data which will be released today. The inflation data is seen as a gauge on interest rate hike for Federal Reserve's interest rate hike decision. Moreover, the yellow metal investors keenly awaits for Wednesday's key Federal Reserve monetary policy announcement.

Gold futures for February dipped by $18.40 or 0.1% to settle at $1792.30 ounce on the Comex division of the New York Mercantile. However, spot gold rose by $0.36 or 0.02% or $1,781.80 per ounce.