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Gold futures finish lower for eighth straight session on Wednesday

17 Aug 2023 Evaluate
Gold futures finished lower for eighth straight session on Wednesday, saddled by the robustness in headwinds dollar and US Treasury bond yield note. The yellow metal for the most active contract registered its longest losing streak since the 9-day streak ended during March 2017. Even though, rising crude oil rates and gauge on continued benchmark interest rate hikes after Fed minutes limited some losses.

Gold futures for December delivery slipped by $6.90 or 0.35% to settle at $1928.30 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.