Gold futures finished lower on Monday, as the investment appeal of the bullion pressured by the strength in dollar and bond yield notes. Additionally, safe haven appeal dulled with the easing geopolitical risks in Middle East. While, market cautiously awaited for Federal Reserve Chair Jerome Powell’s remarks on Wednesday and Thursday for further cues on monetary policy decisions.
Gold futures for December delivery dipped by $10.6 or 0.53% to $1988.60 ounce on the Comex division of the New York Mercantile. Spot gold slipped by $4.83 points or 0.24% to $1,973.31 per ounce.