Skip to main content

MoneyWorks4Me

Gold futures trade lower in early deals of Tuesday

20 Jun 2023 Evaluate

Gold futures traded lower in early deals of Tuesday, pressured by the bets over interest rate hike by Federal Reserve in coming months. However, some losses remained capped on safe-haven appeal amid lingering uncertainties over global economic health.  Stock markets in United States were closed on Monday for Juneteenth holiday. 

Gold futures for August delivery dipped by $10 or 0.51% to $1961.20 ounce on the Comex division of the New York Mercantile. While, spot gold down by $0.35 or 0.02% to $1,950.13 per ounce.