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Gold futures finish lower on rise in bonds and dollar

09 Jan 2024 Evaluate
Gold futures finished lower on Monday, saddled by the strength in dollar and Treasury bond yield notes. Besides, waned hopes of early interest rate cuts also fuelled down ward momentum. Meanwhile, key US inflation data this week was keenly awaited by the participants for more cues on monetary policy outlook.

Gold futures for February delivery were dipped by $16.3 or 0.8% at $2033.50 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $5.12 points or 0.25% to $2,033.19 ounce.