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Gold futures finish lower for second straight session on Tuesday

27 Sep 2023 Evaluate

Gold futures finished lower for second straight session on Tuesday, as the bullion investment appeal dulled with the hawkish bets by Federal Reserve ahead to this week’s key consumer inflation report. Moreover, strength in dollar and US Treasury bond yield notes also saddled yellow metal investments. 

Gold futures for December delivery slipped by $16.80 or 0.87% to settle at $1919.80 ounce on the Comex division of the New York Mercantile. Spot gold declined by $0.89 or 0.05% at $ 1,899.76 per ounce.