Gold futures finished lower on Wednesday as a stronger dollar and rising bond yields made the metal costlier and less attractive to investors. Surging energy costs and persistent global conflicts fuelled expectations of tighter central bank monetary policies, which pushed yellow metal rates lower.
Gold futures for August delivery slipped by $17.90 to 0.43% to settle at $ 4,051.80 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $26.76 or 0.66% to $ 4,033.79 an ounce.