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Gold futures finish lower as dollar picks up

09 Aug 2023 Evaluate
Gold futures finished lower on Tuesday, as the dollar picked up as perceived safe haven after Moody’s downgraded credit ratings of several US banks and on tepid Chinese trade data. However, weakness in US Treasury bond yield notes capped some losses in the session.

Gold futures for December delivery down by $10.1 or 0.51% to settle at $1959.90 ounce on the Comex division of the New York Mercantile. While, spot gold added by $5.10 or 0.26% at $1,930.34 per ounce