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Gold futures finish lower on Fed rate cut bets

13 May 2026 Evaluate
Gold futures finished lower on Tuesday, breaking a four-session winning streak, followed by the bets over Federal Reserve rate cuts amidst hotter-than-expected US inflation. The US consumer inflation marked an 11-month high of 3.8% in April, with the rising energy costs from the Middle East.

Gold futures for June delivery down by $42 to 0.89% to settle at $4,686.70 an ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $12.61 or 0.27% to $ 4,702.52 an ounce