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Gold futures settle lower for fifth straight session on Friday

30 Sep 2023 Evaluate

Gold futures settled lower for fifth straight session on Friday, as the headwinds dollar and US Treasury bond yield notes firmed dulling yellow metal investments. Even though, better than expected US monthly inflation data limited some losses in the session. The bullion for the most active contract registered weekly loss of 4.08%. 

Gold futures for December delivery dipped by $12.50 or 0.67% to settle at $1866.10 ounce on the Comex division of the New York Mercantile. While, spot gold shrunk by $16.24 or 0.87% at $1,848.63 per ounce.