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Gold futures finish tad lower on firm dollar

18 Nov 2023 Evaluate
Gold futures finished slightly lower on Friday, pressured by the firmness in dollar and on profit taking at prevailing levels. However, the yellow metal for the most active contract posted 2.4% gain for the week amidst safe haven appeal followed by surge in jobless claims and on bets of halt in Fed interest rate hike.

Gold futures for December delivery slipped by $2.60 or 0.13% to settle at $1984.70 ounce on the Comex division of the New York Mercantile. While, spot gold down by $0.08 points or 0.001% to $1,980.82 per ounce.

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