COMMODITY
Gold futures finish slightly lower on stronger dollar
May-19-2022
Gold futures finished lower on Wednesday, due to stronger dollar and as safe haven appeal of the bullion dulled after better than expected US retail sales data for the month of April. Moreover, firmness in US Treasury bond yields and increased prospects for sharp interest rate hikes also pressured yellow metal rates.

Gold futures for June dipped by $3 or 0.2% at $1815.90 on the Comex division of the New York Mercantile. While, spot gold rose by 0.1% to $1,816.49 per ounce.

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