COMMODITY
Gold futures settle lower on Friday
Mar-28-2020

Gold futures settled lower on Friday as downbeat US economic data failed to provide some support for safe-haven yellow metal, though weaker US dollar and concerns about supply disruptions in the physical market for the precious metal capped some losses. The final results for US consumer sentiment index fell to 89.1 in March from a preliminary 95.9 and 101.0 in February, according to the University of Michigan.

Gold futures for April delivery fell $26.20 to settle at $1,625 an ounce on the Comex division of the New York Mercantile. Spot gold was down 0.6 percent to $1,619.79 per ounce.

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