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Gold futures finish lower after seventh straight sessional gains

05 Apr 2024 Evaluate
Gold futures finished lower on Thursday due to profit taking after seventh straight sessional gains, and on strength in dollar as well as Treasury bond yield notes. Moreover, hawkish comments from Federal Reserve also dulled investment appeal of the non-yielding bullion.

Gold futures for June delivery down by $6.50 or 0.28% to $ 2308.50 per ounce on the Comex division of the New York Mercantile. While, spot gold decreased by $11.67 points or 0.51% to $2,279.27 an ounce.