Gold futures finish sharply lower on Thursday
Gold futures finished sharply lower on Thursday after four straight sessional gains, saddled by the strength in dollar and rising bond yield notes. Additionally, surge in oil rates following U.S. President Donald Trump’s vow to intensify attacks on Iran, also dulled yellow metal investments. The yellow metal for the most active contract had marked about 4% gain in the week.
Gold futures for June delivery tumbled by $133.40 to 2.77% to $4679.70 an ounce on the Comex division of the New York Mercantile. While, spot gold down by $81.81 or 1.72% to $4,676.76 an ounce.
