COMMODITY
Gold futures finish lower on Wednesday
Dec-01-2022
Gold futures finished lower on Wednesday, as the yellow metal investors got saddled followed by Federal Reserve Chairman Jerome Powell signaled more interest rate hikes. However, the bullion gained 7.3% for the month, marking first monthly gain since March 2022. The weaker dollar and subdued bond yields had buoyed the precious metal for the month.

Gold futures for December down by $3.80 or 0.5% to settle at $1759.90 ounce on the Comex division of the New York Mercantile. However, spot gold gained by $7.77 or 0.44% or $1,776.30 per ounce. 

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