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Gold futures finish lower on Friday

16 Dec 2023 Evaluate
Gold futures finished lower on Friday, due to stronger dollar and as investment appeal limited after NY Fed President Williams’ dampened early speculation about a March rate cut. Moreover, technical correction, after two straight sessional gains with the dovish hints from Federal Reserve also lifted yellow metal rates. The yellow metal for the most active contract has logged gained about 1.05% for the week.

Gold futures for February delivery down by $9.20 or 0.44% to $2035.70 per ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $16.74 points or 0.82% to $2,019.62 per ounce.