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Gold futures finish tad higher on Friday, up 1.4% for the week

02 Sep 2023 Evaluate
Gold futures finished tad higher on Friday, as the investment appeal got kindled by the weakness in dollar and bonds. However, Fed rate hike bets followed by the jump in unemployment capped some gains. Meanwhile, the yellow metal for the most active contract registered 1.4% loss for the week.

Gold futures for December delivery rose by $1.20 or 0.06% to settle at $1967.10 ounce on the Comex division of the New York Mercantile. While, spot gold slipped by $0.13 or 0.01% at $1,940.06 per ounce.