Gold futures finished lower on Tuesday, with the waning geopolitical risk premium related to the Israel-Hamas war. Moreover, stronger dollar and rising Treasury bond yield notes also pressured yellow metal investments. Investors keenly eyed on Fed Chair Jerome Powell’s speech due today for more clarity on monetary policy decisions.
Gold futures for December delivery dipped by $15.10 or 0.53% to $1973.50 ounce on the Comex division of the New York Mercantile. Spot gold slipped by $1.62 points or 0.08% to $1,967.83 per ounce.