Gold futures finished lower on Wednesday, as the dollar and US 10 year Treasury bond yield notes strengthened ahead key US economic figures like core PCE index data, the Federal Reserve’s preferred inflation measure, and the third estimate for Q1 GDP growth. The yellow metal for the most active contract is trading near two week low rate.
Gold futures for August delivery down by $17.60 or 0.76% to settle at $2,313.20 per ounce on the Comex division of the New York Mercantile. However, spot gold rose by $1.52 or 0.07% to $2,299.75 an ounce.