Gold futures finished sharply lower on Friday, as the investment appeal of the bullion dampened followed by the hawkish remarks from Fed officials and on firmness in dollar. The yellow metal for the most active contract marked lowest settlement in three weeks and shrunk by 1.2% for the week.
Gold futures for June dipped by $28.60 or 1.40% to $ 1990.50 ounce on the Comex division of the New York Mercantile. Spot gold subdued by $21.74 or 1.08% to $ 1,983.06 per ounce.