Gold futures finished lower for fifth straight session on Thursday, kindled by the strength in dollar and reduced expectations for Federal Reserve rate cuts. Moreover, jitters that Trump’s incoming administration could push for higher trade tariffs, tax cuts, and increased deficit spending, which may drive inflation higher, also dulled yellow metal investments.
Gold futures for December dipped by $13.60 or 0.53% to settle at $2,572.90 ounce on the Comex division of the New York Mercantile. While, spot gold up by $3.80 or 0.15% or $2,568.65 per ounce.