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Gold futures settle lower on Monday

11 Apr 2023 Evaluate

Gold futures settled lower on Monday, as the safe haven appeal of the bullion dulled on firmer dollar and US Treasury Bond yields after strong U.S. jobs report. Meanwhile, investors are keeping a close eye on the U.S. inflation data that due this week for further clues on the US Federal Reserve's interest rate-hike.

Gold futures for June declined by $22.6 or 1.11% to finish at $2003.80 ounce on the Comex division of the New York Mercantile. However, spot gold rose by $6.15 or 0.13% to $1,997.63 per ounce.