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Gold futures settle lower for fourth straight session on Thursday

29 Sep 2023 Evaluate
Gold futures settled lower for fourth straight session on Thursday, pressured by the elevated interest rate outlook. The yellow metal is hovering near six- month lows ahead of the closely eyed US inflation data due later in the day. 

Gold futures for December delivery dipped by $12.30 or 0.65% to settle at $1878.60 ounce on the Comex division of the New York Mercantile. While, spot gold shrunk by $1.31 or 0.07% at $1,863.56 per ounce.