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Gold futures finish lower on firm dollar, bonds

08 May 2024 Evaluate
Gold futures finished lower on Tuesday, saddled by the firmness in dollar and bond yield notes ahead to this week’s speech from several Fed officials. Market awaits for clearer insights into the potential timeline for interest rate trims. Meanwhile, dulled safe haven appeal amid negotiations on Gaza ceasefire to bridge the gaps between Israel and Hamas. 

Gold futures for June delivery dipped by $7.00 or 0.30% to settle at $2324.20 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $4.16 points or 0.18% to $2,318.26 an ounce.