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Gold futures finish lower on Friday

26 Aug 2023 Evaluate

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.