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Gold futures finish higher after nine straight dips

07 Oct 2023 Evaluate
Gold futures finished higher on Friday after nine consecutive dips, lifted by bargain hunting and as dollar retreated.  The yellow metal for the most active contract however posted its second consecutive loss for the week by 1.12%, as the investment appeal of the bullion got pressured after low weekly US jobless claims and rally in greenback and bond yields.

Gold futures for December delivery up by $13.40 or 0.73% to settle at $1845.20 ounce on the Comex division of the New York Mercantile. While, spot gold added by $12.71 or 0.70% at $ 1,833.01 per ounce.