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Gold futures finish sharply lower on strong dollar and bonds

06 Dec 2024 Evaluate
Gold futures finished sharply lower on Thursday, saddled by the strength in dollar and US bond yield notes. Caution ahead to pivotal US nonfarm payrolls report, scheduled for release later Friday, and ambiguity over Fed interest rate cut in December also dulled yellow metal investments. 

Gold futures for December delivery tumbled by $27.80 or 1.05% to $2,648.40 per ounce on the Comex division of the New York Mercantile. While, spot gold added by $10.69 or 0.41% to $2,642.36 an ounce.

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