COMMODITY
Gold futures settle lower as dollar and bonds firm
Jan-15-2022
Gold futures settled lower on Friday, as the headwinds dollar and US Treasury bond yields firmed pressuring yellow metal investments. Additionally, bets on interest rate hikes and profit taking at prevailing levels also saddled bullion investments. However, yellow metal for the most active contract gained 1.1% for the week, registering fifth weekly gain in six weeks.

Gold futures for February slipped by 0.30% or $4.90 to settle at $1816.50 an ounce on the Comex division of the New York Mercantile. While, spot gold dipped by 0.3% to $1,816.22 per ounce.
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