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Gold futures finish lower on strength in dollar

04 Sep 2024 Evaluate
Gold futures finished lower on Tuesday, saddled by the stronger dollar and rising bond yields. Moreover, sharper-than-expected rise in prices for goods producers tempered Fed dovish shift bets. The, US ISM Manufacturing PMI edges higher to 47.2 in August compared to the expected 47.5. 

Gold futures for December delivery dipped by $4.60 or 0.18% to $2,523.00 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $2.75 or 0.11% to settle at $2,495.66 an ounce.