Gold futures finished slightly lower on Tuesday, saddled by the strength in dollar and on rising bond yield notes. Moreover, Fed’s signal of no urgency for further interest rate cuts and profit taking after previous session’s record high finish of $2,940 also pressured the yellow metal’s investment appeal. However, safe haven appeal amidst a series of aggressive tariff measures by the US President Trump limited losses in the session.
Gold futures for February delivery down by $1.80 or 0.06% to $2,932.60 ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $ 8.47 or 0.29% to $ 2,889.44 an ounce.