Gold futures finished lower on Friday, as the unexpected growth in US jobs, about 353K jobs added in January, as well as robust wage growth report kindled US economic health. This also dampened bets of early rate cuts by the Federal Reserve dulling investment appal of the bullion. Moreover, firmness in dollar and Treasury yields also pressured the precious metal investments. The yellow metal for the most active contract registered 0. 86% gain for the week.
Gold futures for April delivery down by $17.40 or 0.4% to settle at $2053.70 per ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $15.23 points or 0.74% to $ 2,039.76 ounce.