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Gold futures finish lower for fourth straight session

11 Aug 2023 Evaluate
Gold futures finished lower for fourth straight session on Thursday, saddled by the strength in US Treasury bond yield notes. However, capped some losses in the session after US inflation ticks higher in July, snapping a 12-month streak of dipping consumer price increases.

Gold futures for December delivery edge down by $1.70 or 0.08% to settle at $1948.90 ounce on the Comex division of the New York Mercantile. While, spot gold added by $1.92 or 0.10% at $ 1,914.40 per ounce.