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Gold futures settle lower on Friday

22 Jul 2023 Evaluate

Gold futures settled lower on Friday, pressured by the firmness in dollar and on caution ahead to Federal Reserve’s monetary policy meeting next week. However, the yellow metal for the most active contract eked 0.1% gain for the week.

Gold futures for August delivery dipped by $4.30 or 0.2% settle flat at its previous close at $1966.60 ounce on the Comex division of the New York Mercantile.  Spot gold down by $7.59 or 0.39% at $ 1,961.94 per ounce.