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Gold futures finish sharply lower as dollar and bonds firms

02 Aug 2023 Evaluate
Gold futures finished sharply lower on Tuesday, as the investment appeal of the bullion got pressured by the firmness in dollar and US Treasury bond yield notes. Additionally, lingering interest rates hikes by Federal Reserve also dulled yellow metal rates further.

Gold futures for August delivery dipped by $30.40 or 1.50% settle at $1978.80 ounce on the Comex division of the New York Mercantile. While, spot gold added by $3.33 or 0.17% at $1,947.62 per ounce.