Gold futures finish sharply lower with strong dollar, bonds
Gold futures finished sharply lower on Thursday, saddled by the strength in dollar and on rising bond yield notes. Additionally, technical correction with the increased volatility in geopolitical tensions also dulled the rates.
Gold futures for December delivery tumbled by $56 or 1.1% to settle at $5,078.70 per ounce on the exchange division of the New York Mercantile. While, spot gold rose by $47.79 points or 0.94% to $5,130.09 ounce.
