Gold futures finished lower on Friday, saddled by the risk appetite in the market and on rising bond yield notes. Moreover, technical correction after the precious metal marked 65% gain YoY. The yellow metal for the most active contract declined about 5% for the week.
Gold futures for February delivery up by $11.50 or 0.26% to $4,329.60 an ounce on the Comex division of the New York Mercantile. While, spot gold slipped by $12.92 or 0.30% to $4,332.29 an ounce.