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Gold futures finish lower for third straight session on Thursday

08 Sep 2023 Evaluate

Gold futures finished lower for third straight session on Thursday, as the investment appeal of the bullion dulled with the intensified bets over continued interest rate hikes. However, weaker dollar capped some losses in the session.

Gold futures for December delivery finished lower by $1.70 or 0.08% to $1942.50 ounce on the Comex division of the New York Mercantile. However, spot gold jumped by $5.26 or 0.27% at $1,924.94 per ounce.