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Gold futures finish lower after better-than-expected US GDP figures

27 Jan 2023 Evaluate
Gold futures finished lower for first time in six sessions on Thursday, as the safe haven appeal of the bullion dulled after better-than-expected US GDP figures. Moreover, fears about more hawkish Federal Reserve measures also pressured the yellow metal investments.

Gold futures for March finished lower by $12.70 or 0.3% to settle at $1937.6ounce on the Comex division of the New York Mercantile. Spot gold declined by 0.36% or $7.02 to $1,922.19 per ounce.