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Gold futures finish lower as dollar, yields gain

13 Jun 2023 Evaluate
Gold futures finished lower on Monday saddled by the strength in head winds dollar and bond yield notes. Moreover, increased risk appetite in the equity market amid expectations of Fed interest hike pause this month with Federal Reserve meeting on Wednesday also dulled investment appeal of the bullion.

Gold futures for August delivery dipped by $7.50 or 0.4% to settle at $1969.70 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $3.17 or 0.16% to $1,961.01 per ounce.