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Gold futures finish lower with rise in dollar, bonds

24 Dec 2024 Evaluate
Gold futures finished lower on Monday, saddled by the firmness in dollar and rising bond yield notes. Moreover, slower pace of rate hikes in 2025 after the Fed signalled fewer reductions also pressured non-yielding yellow metal investments.

Gold futures for February delivery dipped by $16.90 or 0.64% to settle at $2,618.62 ounce on the Comex division of the New York Mercantile. While, spot gold up by $6.06 or 0.23% to settle at $2,618.62 an ounce.