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Gold futures finish lower ahead to US inflation reading

27 Feb 2024 Evaluate
Gold futures finished lower on Monday, as the investment appeal of the bullion dulled with the rise in US Treasury bond yield notes and on lingering high interest rates. Moreover, caution ahead to key Us inflation reading this week and the comments from Fed Governor Christopher Waller which indicated necessity for delay of interest rate cut by the central bank for at least another couple more months to gauge on economic health, also side lined bullion investors. 

Gold futures for April delivery dipped by $10.50 or 0.51% to $2038.90 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $3.14 points or 0.15% to $2,034.38 ounce.

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