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Gold futures settle lower as dollar, bonds firms

21 Jul 2023 Evaluate
Gold futures settled lower on Thursday, as the investment appeal of the bullion dampened with the firmness in dollar and US Treasury bond yield notes. The yellow metal for the most active contract logged its first loss after three consecutive sessional gains. Meanwhile, anticipations that Federal Reserve's interest-rate hiking trajectory may soon be over capped some gains in the session.

Gold futures for August delivery dipped by $9.90 or 0.5% to settle at $ 1970.90 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $0.76 or 0.04% at $1,970.29 per ounce.