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Gold futures trade lower on stronger dollar

20 Jun 2025 Evaluate

Gold futures traded lower in early deals of Friday, near a one-week low and is in track for its first weekly decline in three week with the strength in dollar as well as Treasury bond yield notes. Moreover, technical correction after reaching recent highs, also prompted traders to sell off positions. The US stock market was closed yesterday for Juneteenth.

Gold futures for August delivery down by $40.30 or 1.18% to $3,367.80 an ounce on the Comex division of the New York Mercantile. Spot gold slipped by $17.21 or 0.51% to $ 3,353.69 an ounce.