Gold futures finished lower on Monday, pressured by the firmness in dollar and on woes over persisting elevated benchmark interest rates. Meanwhile, market is eyeing on Fed Chair Jerome Powell’s speech due later in the day, FOMC minutes due on Wednesday and Friday’s nonfarm payrolls report for more cues on the Fed’s interest rate path.
Gold futures for August delivery dipped by $0.70 or 0.02% to $2,338.90 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $6.59 or 0.28% to $ 2,325.31 an ounce.