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Gold futures settle lower on Tuesday

11 Jan 2023 Evaluate

Gold futures settled lower on Tuesday as the U.S dollar and bond yields surged ahead of US December inflation data that due this week for further clues on the US Federal Reserve's interest rate-hike. Meanwhile, demand expectation raised from China ahead of the Lunar New Year.

Gold futures for February declined by $1.3 or 0.1% to $1876.5 ounce on the Comex division of the New York Mercantile. Spot gold was flat at $1,872.79 an ounce.