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Gold futures finish lower as dollar, bonds rise

09 May 2024 Evaluate
Gold futures finished lower on Wednesday, pressured by the rise in dollar and bond yield notes as market awaited US economic data to gauge on interest rate cut timelines. Prolonged elevated benchmark interest rates dulls investment appeal of non-yielding bullion. 

Gold futures for June delivery dipped by $1.90 or 0.08% to settle at $2,322.30 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $4.70 points or 0.20% to $2,313.55 an ounce.