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Gold futures settle lower on dollar, bonds rebound

04 Jan 2024 Evaluate
Gold futures settled slightly lower on Wednesday, saddled by the rebound in dollar and US 10-year Treasury bond yield notes amidst uncertainty in monetary policy path of US Federal Reserve. Market also closely awaited for data on US job openings and December non-farm payrolls for more cues on central bank policy outlook.

Gold futures for February delivery tumble by $30.6 or 1.5% to $2042.80 per ounce on the Comex division of the New York Mercantile. While, spot gold widened by $1.70 points or 0.08% to $ 2,043.19 ounce.