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Gold futures finish lower on rate hike concerns

12 Jun 2026 Evaluate
Gold futures finished lower on Thursday, as the investment appeal of the bullion dulled with the concerns over potential interest rate hikes and on surging crude oil rates. Stronger dollar and rising bond yield notes also pressured the yellow metal investments.

Gold futures for August delivery dipped by $19.30 to 0.04% to settle at $4,114.00 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $15.33 or 0.36% to $4,196.93 an ounce.