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Gold futures finish lower for third straight session

10 Aug 2023 Evaluate

Gold futures finished lower for third straight session on Wednesday, pressured by the strength in dollar and US Treasury bond yield notes. The yellow metal for the most active contract marked lowest settlement in 2 weeks. Meanwhile, the market participants awaited for key US consumer price index to be released later today.

Gold futures for December delivery down by $9.30 or 0.47% to settle at $1950.60 ounce on the Comex division of the New York Mercantile. However, spot gold added $4.46 or 0.23% at $1,918.92 per ounce.