COMMODITY
Gold futures finish tad lower despite softer dollar and bonds
May-04-2024
Gold futures finished slightly lower on Friday, after plunging to one-month low in the intra-day pressured by the looming bets of prolonged elevated interest rates. However, downbeat US jobs report of April, along with softer dollar and slide in 10-year Treasury bond yield notes capped some losses in the session. The yellow metal for the most active contract marked 1.64% fall for the week.

Gold futures for June delivery slipped by $1 or 0.04% to settle at $2308.60 per ounce on the Comex division of the New York Mercantile. While, spot gold down by $2.09 points or 0.09% to $2,301.74 an ounce.

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