Gold futures finished lower for eighth straight session on Wednesday, saddled by the continued rally of dollar and US Treasury bond yield notes. Besides, lingering tensions over protracted high interest rates by Federal Reserve to tackle the untamed inflation also dulled yellow metal investments.
Gold futures for December delivery dipped by $6.70 or 0.4% to settle at $1834.80 ounce on the Comex division of the New York Mercantile. Spot gold shrunk by $7.56 or 0.42% at $ 1,828.92 per ounce.