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Gold futures finish sharply lower on robust economic data

20 Jul 2024 Evaluate
Gold futures finished lower on Friday, pressured by the strength in dollar after robust US economic data . Manufacturing growth in the US Mid-Atlantic region for July climbed more than expected, while the weekly jobless claims rose. The yellow metal for the most active contract market registered 1% loss for the week.

Gold futures for August delivery down by $57.30 or 2.33% to $2,399.10 per ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $44.25 or 1.81% to settle at $2,400.83 an ounce.