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Gold futures finish lower on Friday, posts 14% yearly gain

30 Dec 2023 Evaluate
Gold futures finished lower on Friday, saddled by the firmness in dollar and US 10-year treasury bond yield notes followed by the bets of dovish stance by Federal Reserve for next year. The yellow metal for the most active contract posts yearly gain of about 14% in 2023 amidst geopolitical uncertainties and on direct purchases from central banks diversifying their reserves.

Gold futures for February delivery dipped by $11.70 or 0.56% to $2071.80 per ounce on the Comex division of the New York Mercantile. While, spot gold shrunk by $2.63 points or 0.13% to $2,062.98 ounce.

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