Gold futures finished lower on Friday, pressured by the firmness in dollar and on continued bets over hawkish Federal Reserve ahead of Jerome Powell’s speech at Jackson Hole Symposium . However, the yellow metal for the most active contract registered first gain after four consecutive weekly losses, up by 1.2%.
Gold futures for December delivery slipped by $7.2 or 0.37% to settle at $1939.90 ounce on the Comex division of the New York Mercantile. Spot gold dipped by $1.95 or 0.10% at $1,914.96 per ounce.