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Gold futures finish lower as dollar firms

07 Feb 2025 Evaluate

Gold futures finished lower on Thursday, on strength in dollar, and on stronger bond yield notes. However, interest rate cuts by major central banks, rising global trade conflicts and economic uncertainties capped some losses in the session. Meanwhile, investors closely eyed on the jobs report later today for further insights in to the labor market.

Gold futures for February delivery down by $16.30 or 0.56% to settle at $ 2,876.70 ounce on the Comex division of the New York Mercantile. Spot gold rose by $11.22 or 0.39% to $2,867.50 an ounce.