COMMODITY
Gold futures finish lower on strong dollar
Jun-30-2022
Gold futures finished lower on Wednesday, saddled by the firmness in dollar after Fed Chair Jerome Powell reiterated Central Bank’s focus on taming inflation and confirms its best to minimise prospects of economic slowdown. The yellow metal for the most active contract registered its third consecutive loss in the Wednesday’s session.
 
Gold futures for August fell $3.70 or 0.20% to $1817.50 ounce on the Comex division of the New York Mercantile. Spot gold shrunk by 0.1% to $1,818.13 per ounce.

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