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Gold futures finish lower as dollar, bonds firms

17 Oct 2023 Evaluate
Gold futures finished lower on Monday, saddled by the firmness in dollar and bond yield notes after diplomatic efforts to arrange a ceasefire in Israel-Gaza war. The yellow metal logged its second gain out of seven trading sessions as it finished in its three week peak rate.

Gold futures for December delivery dipped by $7.20 or 0.37% to settle at $1934.30 ounce on the Comex division of the New York Mercantile. While, spot gold down by $4.47 points 0.23% to $1,915.73 per ounce.