COMMODITY
Gold futures settle lower for the third straight session
Aug-18-2022
Gold futures settled lower for the third straight session on Wednesday due to the strength in dollar and Treasury bond yields ahead of release of Federal Reserve meeting minutes. The yellow metal investments also dulled amid increased bets over aggressive interest rate hikes. The bullion in future marrket fell below the critical benchmark $1780, registering most active contract’s two week lowest finish.

Gold futures for December dipped by $13 or 0.7% to settle at $1776.70 ounce on the Comex division of the New York Mercantile. While, spot gold was up by 0.1% to $1,781.40 per ounce.

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