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Gold futures finished lower on strong dollar

29 Aug 2024 Evaluate
Gold futures finish lower on Wednesday, pressured by the strength in dollar ahead to later today’s second estimate for Q2 GDP and the PCE price index report, due on Friday. However, some losses remained trimmed on account of safe haven bets with the lingering geo-political tensions and Fed interest rate cut bets.

Gold futures for December delivery down by $17.40 or 0.68% to $ 2,537.80 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $13.40 or 0.54% to settle at $2,518.01 an ounce.