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Gold futures finish sharply lower ahead of Fed speech

23 Aug 2024 Evaluate
Gold futures finished sharply lower on Thursday, marking second straight loss ahead to Fed Chair Jerome Powell’s speech at the Jackson Hole symposium later in the day. Firmness in dollar and rising bond yield notes also pressured precious metal investments. 

Gold futures for December tumbled by $30.80 or 1.22% to settle at $2,516.70 ounce on the Comex division of the New York Mercantile. While, spot gold added by $8.44 or 0.34% or $2,493.19 per ounce.