Gold futures finished lower on Tuesday, as the safe haven appeal of the bullion dulled after stronger than expected US economic data and on intensified bets over continued Fed interest rate hikes. Besides, stronger dollar and rise in US Treasury bond yield notes weighed down the investment appeal of the bullion.
Gold futures for August delivery dipped by $10 or 0.2% to settle at $1923.80 ounce on the Comex division of the New York Mercantile. However, spot gold rose by $1.66 or 0.48% to $1,915.35 per ounce.