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Gold futures finish lower as dollar firms

17 May 2024 Evaluate
Gold futures finished lower on Thursday, saddled by the firmness in dollar and on prolonged high benchmark interest rate.  Meanwhile, investors continued to assess the mixed US economic data and its impact on Fed’s monetary direction.

Gold futures for June delivery dipped by $9.40 or 0.39% to settle at $2385.50 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $ 0.91 points or 0.04% to $2,377.77 an ounce.