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Gold futures finish lower for third consecutive session on Tuesday

14 Jun 2023 Evaluate

Gold futures finished lower for third consecutive session on Tuesday, hampered by the risk appetite in the market with the optimism over Fed interest rate halt. Moreover, better than expected US CPI data also dulled safe haven appeal of the bullion.

Gold futures for August delivery dipped by $11.10 or 0.6% to settle at $1958.60 ounce on the Comex division of the New York Mercantile. However, spot gold rose by $4.31 or 0.22% to $1,948.05 per ounce.