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Gold futures finish lower on hawkish Fed bets

09 Jul 2026 Evaluate
Gold futures finished lower on Wednesday, as renewed Middle East conflicts stoked energy supply fears and intensified inflation worries. Strong dollar and rising expectations for a Federal Reserve interest rate hike also dulled investment appeal of the bullion.

Gold futures for August delivery dipped by $75 to 1.80% to settle at $4,082.40 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $17.23 or 0.42% to $ 4,060.20 an ounce.