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Gold futures finish sharply lower as dollar strengthens

24 Oct 2024 Evaluate

Gold futures finished sharply lower on Wednesday, pressured by the firmness in dollar and on rising bond yield notes. Moreover, anticipations that the Federal Reserve will adopt a cautious approach to monetary easing also saddled yellow metal investments.

Gold futures for December delivery tumble by $30.40 or 1.11% to settle at $2,729.40 per ounce on the Comex division of the New York Mercantile. However, spot gold up by $8.30 or 0.31% to settle at $2,723.85 an ounce.