Gold futures finished tad lower on Tuesday, saddled by the firmness in dollar and US Treasury bond yield notes ahead of key US inflation data and the Federal Reserve's policy decision due on Wednesday. Market anticipates only one Fed interest rate trim this year in light of stronger-than-expected payrolls data last Friday. Moreover, halt in purchase of China’s central bank, the biggest official sector buyer of gold also pressured yellow metal rates.
Gold futures for August delivery dipped by $0.40 or 0.01% to settle at $2,326.60 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $2.03 or 0.09% to $ 2,314.98 an ounce.