COMMODITY
Gold futures finish lower on better than expected US economic data
Jan-29-2020

Gold futures finished lower on Tuesday due to risk appetite in the market after the release of better than expected US economic data.The Conference Board said its consumer confidence index climbed to 131.6 in January from an upwardly revised 128.2 in December. However, downside remained capped as investors went cautious ahead to Federal Reserve’s policy meeting.

Gold futures for February US gold settled down 0.5% at $1,569.80 an ounce on the Comex division of the New York Mercantile. Spot gold was down 0.8% at $1,568.90 per ounce.

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