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Gold futures finish lower for ninth straight session on Thursday

18 Aug 2023 Evaluate
Gold futures finished lower for ninth straight session on Thursday, marking the longest losing streak in 6 years. Moreover, more interest rate hike signals from Fed officials also saddled non-yielding yellow metal investments.

Gold futures for December delivery slipped by $13.10 or 0.67% to settle at $1915.20 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $3.01 or 0.16% at $ 1,892.44 per ounce.