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Gold futures finish lower after for two straight sessional gains

19 Jul 2024 Evaluate
Gold futures finished lower on Thursday, retreated from previous two straight sessional record highs, weighed down by the firmness in dollar and bond yield notes. The greenback was bolstered by upbeat manufacturing growth in the US Mid-Atlantic region for July. Albeit, bets on September Fed interest rate cuts capped some losses in the session.

Gold futures for August delivery down by $3.50 or 0.14% to $2,456.40 per ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $20.01 or 0.82% to settle at $2,425.07 an ounce.