Gold futures finish lower as dollar, bonds rise
Gold futures finished lower on Tuesday, as a stronger dollar and rising bond yields saddled the investment appeal of the bullion. Meanwhile, recent economic indicators, including inflation data and employment figures, have led to speculation about potential interest rate hikes, further pressuring gold prices.
Gold futures for August delivery down by $22.40 or 0.67% to $3,336.70 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $14.22 or 0.43% to $3,338.77 an ounce.
