Gold futures finished sharply lower on Friday, after two straight sessional gains pressured by the firmness in dollar. Additionally, cues that other major central banks might start trimming interest rates earlier than the Federal Reserve also saddled yellow metal investments. The yellow metal for the most active contract registered a weekly profit of about 0.06%.
Gold futures for June delivery tumbled by $24.9 or 1.1% to settle at $2181.60 per ounce on the Comex division of the New York Mercantile. While, spot gold decreased by $15.89 points or 0.73% to $2,165.44 ounce.