Gold futures finished lower for sixth straight session on Friday, kindled by the strength in dollar and on rise in bond yield notes. Additionally, reduced chances of Federal Reserve interest rate cut under Trump’s incoming administration also dulled yellow metal investments. The precious metal for the most active contract marked loss of about 4.8%, marking sharpest fall in over three years.
Gold futures for December dipped by $2.80 or 0.11% to settle at $2,570.10 ounce on the Comex division of the New York Mercantile. While, spot gold down by $1.60 or 0.06% or $2,563.25 per ounce.