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Gold futures settle lower on Friday, posts monthly gain of 8.1%

01 Apr 2023 Evaluate
Gold futures settled lower on Friday, pressured by the strength in dollar and on profit taking after the yellow metal soared on safe haven appeal amid global economic uncertainties. The precious metal for the most active contract registered gain of 8.1% for the month and 8.8% rise for the quarter. 

Gold futures for June dipped by $11.50 or 0.57% to finish at $1986.20 ounce on the Comex division of the New York Mercantile. While, spot gold down by $11.09 or 0.56% to $ 1,969.28 per ounce.