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Gold futures settle lower as inflation dips

15 Mar 2023 Evaluate
Gold futures settled lower on Tuesday retreating from previous session’s 5-week high level, after US CPI data came in slower than expected dulling safe haven appeal of the yellow metal. Moreover, firmness in dollar and US Treasury Bond yields kindled investment appeal of the bullion.  

Gold futures for April narrowed by $5.60 or 0.30% to finish at $1910.90 ounce on the Comex division of the New York Mercantile. Spot gold dipped by 0.06% or $1.20 to $1,902.81 per ounce.