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Gold futures finish lower as dollar picks up

16 Nov 2023 Evaluate
Gold futures finished lower on Wednesday, as the investment appeal of the bullion dulled with the pick up in dollar value against its peers. However, expectations that the US Federal Reserve is done with hiking interest rates capped some losses. The yellow metal slipped after two straight sessional gains.

Gold futures for December delivery slipped by $2.20 or 0.12% to settle at $1964.30 ounce on the Comex division of the New York Mercantile. While, spot gold rose by $2.04 points or 0.10% to $1,961.89 per ounce.
 

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