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Gold futures finish lower as dollar, bonds firms

16 Aug 2023 Evaluate
Gold futures finished lower on Tuesday, pressured by the firmness in dollar and US Treasury bond yield notes. Moreover, diminished inflationary pressures also dulled safe haven appeal of the bullion.

Gold futures for December delivery slipped by $8.80 or 0.12% to settle at $1935.20 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $1.45 or 0.08% at $ 1,903.45 per ounce.