Skip to main content

MoneyWorks4Me

Gold futures finish lower as dollar and bonds firms

20 Apr 2023 Evaluate
Gold futures finished lower on Wednesday as the investment appeal of the bullion dampened by the strength in bond yields and dollar. Moreover, bets on continued interest rate hike by Federal Reserve also pressured the yellow metal investments.
  
Gold futures for June dipped by $12.40 or 0.61% to $2007.30 ounce on the Comex division of the New York Mercantile. While, spot gold narrowed by $2.26 or 0.11% to $ 1,992.67 per ounce.