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Gold futures settle lower on Thursday

22 Sep 2023 Evaluate
Gold futures settled lower on Thursday, marking the sharpest dip in two months pressure by the firmness in dollar and on rising bond yield notes. The yellow metal for the most active contract retreated in the session after five-day winning streak counting on less investment appeal amid persisting high interest rates.

Gold futures for December delivery dipped by $27.50 or 1.40% to settle at $1939.60 ounce on the Comex division of the New York Mercantile. While, spot gold lifted by $4.19 or 0.22% at $ 1,924.21 per ounce.