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Gold futures finish lower on Thursday

01 Sep 2023 Evaluate
Gold futures finished lower on Thursday, pressured by the strength in headwinds dollar and US Treasury bond yield notes. Moreover, hike in US PCE index by 0.2% also spooked woes over more hawkish Federal Reserve dulling investment appeal of the bullion. The yellow metal for the most active contract registered 2.2% loss for the month.

Gold futures for December delivery slipped by $7.10 or 0.36% to settle at $1965.90 ounce on the Comex division of the New York Mercantile. While, spot gold down by $1.46 or 0.08% at $1,938.73 per ounce.