Gold futures finished lower for third straight session on Tuesday, retreating to a two-week low level amidst curtailed chances for a jumbo interest rate cut by Federal Reserve, followed by upbeat jobs report. As per reports, market anticipates 89% probability for 25 bps interest rate cut by the Fed in November. Moreover, stronger dollar also saddled yellow metal investments.
Gold futures for December delivery dipped by $30.60 or 1.16% to settle at $2,635.40 per ounce on the Comex division of the New York Mercantile. While, spot gold up by $0.38or 0.01% to $2,642.97 an ounce.