Gold futures finished lower on Friday after two straight sessional gains, pressured by the strength in Treasury bond yield notes and on woes over elevated benchmark interest rates for prolonged period. The yellow metal for the most active contract marked loss of 0.76% for the week.
Gold futures for August delivery down by $34.30 or 1.45% to settle at $2,334.70 per ounce on the Comex division of the New York Mercantile. While, spot gold reduced by $38.11 or 1.61% to $2,321.98 an ounce.