Gold futures finished lower on Tuesday, as the stronger dollar and bond yield notes saddled investment appeal of the bullion. Further, prolonged elevated high benchmark interest rate also pressured the yellow metal rates. Meanwhile, market closely eyed on May’s US jobs report due later this week for directions on Federal Reserve’s interest rate decisions.
Gold futures for August delivery down by $21.90 or 0.93% to $2,347.40 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $ 9.86 or 0.42% to $ 2,336.87 an ounce.