Gold futures finished lower on Friday, after soaring to a new record of over $2,474 per ounce with the intensified Fed rate cut expectations amidst weak US jobs data. Softer dollar and weaker bond yield notes also capped losses. The yellow metal for the most active contract gained 3.72% for the week.
Gold futures for December delivery down by $11 or 0.44% to $2,469.80 per ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $3.02 or 0.12% to settle at $2,443.24 an ounce.