COMMODITY
Gold futures finish lower ahead of inflation data
Nov-13-2024

Gold futures finished lower on Tuesday, registering two months low rate ahead of consumer inflation data, PPI numbers as well as weekly jobless claims. Moreover, concerns surrounding chances of Fed delaying its interest rate easing cycle amidst chances of rise in inflation with the possibility of tariffs during Trump’s presidency also dulled yellow metal investments.

Gold futures for December down by $11.40 or 0.44% to settle at $2,606.30 ounce on the Comex division of the New York Mercantile. However, Spot gold rose by $13.43 or 0.52% or $ 2,611.82 per ounce.


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