Gold futures finished lower on Monday, saddled by the firmer dollar and rising US Treasury bond yield notes. Moreover, uncertainty about Federal Reserve’s interest rate cuts also pressured bullion investments. While, investors closely eyed for this week’s GDP and PCE inflation data and next week’s Federal Reserve’s policy meeting.
Gold futures for February delivery down by $7.10 or 0.34% to settle at $2022.20 per ounce on the Comex division of the New York Mercantile. While, spot gold added by $5.66 points or 0.28% to $2,027.36 ounce.