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Gold futures settle lower as dollar, bonds firms

25 Oct 2023 Evaluate
Gold futures settled lower on Tuesday, saddled by the firmness in dollar and Treasury bond yield notes. Moreover, better than expected US economic data and bets on protracted high interest rates dulled investment appeal of the bullion.

Gold futures for December delivery dipped by $1.70 or 0.08% to $1986.10 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $2.60 points 0.13% to $1,973.57 per ounce.