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Gold futures finish lower on Tuesday

08 Jul 2026 Evaluate

Gold futures finished lower on Tuesday, with rising crude oil rates and hawkish Fed bets, following an attack by Iran's Revolutionary Guard on a Qatari LNG carrier near the Strait of Hormuz. Strength in greenback and rising bond yield notes also dulled investment appeal of the bullion.

Gold futures for August delivery down by $10.10 to 0.24% to settle at $4,157.40 an ounce on the Comex division of the New York Mercantile. However, spot gold rose by $19.47 or 0.47% to $ 4,125.71 an ounce.