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Gold futures finish lower for the first time in nine sessions on Friday

22 Mar 2025 Evaluate
Gold futures finished lower on Friday, marking first dip in nine sessions as the dollar firmed to two week high and as bond yield notes ticked up. However, the yellow metal for the most active contract marked third consecutive weekly gain of 0.67% amidst lingering geopolitical tensions and expectations of US Federal Reserve rate cuts. The traditional safe-haven asset, gold has registered 16 record highs this year, reaching an all-time peak of $3,057.21 per ounce on Thursday.

Gold futures for April delivery down by $22.40 or 0.73% to settle at $3,021.40 ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $22.75 or 0.75% to settle at $ 3,022.15 an ounce.