Skip to main content

MoneyWorks4Me

Gold futures finish slightly lower on Monday

18 Jul 2023 Evaluate
Gold futures finished slightly lower on Monday, pressured by the strength in dollar and on intensified bets over Federal Reserve interest rate hike wind up. Besides, firmness in US Treasury bond yield notes also dulled investment appeal of the bullion.

Gold futures for August delivery slipped by $0.80 or 0.40% to settle at $1956.40 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $ 4.89 or 0.25% at $ 1,959.93 per ounce.