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Gold futures settle lower on Friday

25 Mar 2023 Evaluate
Gold futures settled lower on Friday on profit taking after the yellow metal notched near one year high. However, the yellow metal for the most active contract posted fourth consecutive weekly gain buoyed by the safe haven bullion appeal amid banking turmoil and less hawkish Federal Reserve. 

Gold futures for April diminished by $12.10 or 0.6% to finish at $ 1983.80 ounce on the Comex division of the New York Mercantile. Spot gold dipped by $15.19 or 0.76% to $1,978.21 per ounce.